Question: 1 8 ) While the avocado market is in equilibrium if avocado sellers decide to raise their prices by 2 % above the market equilibrium
While the avocado market is in equilibrium if avocado sellers decide to raise their prices by above the market equilibrium price, what will happen to the percent change in quantity demanded? a It will decrease by b It will decrease by c It will decrease d It will decrease by e It will decrease by Which of the following would not shift the supply curve for avocado to the right? a An increase in the number avocado farms b Good weather for growing avocado c A reduction in wages for avocado pickers d An increase in the expected price of avocado in the future e A technology for growing avocado with less water
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