Question: The situations below include an event and a market. For each situation, determine how the event would affect the market equilibrium price and quantity of
The situations below include an event and a market. For each situation, determine how the event would affect the market equilibrium price and quantity of the market, and sort the situation into the appropriate category.
Items itemsDrag and drop into the appropriate area below
the cost of peanuts falls: peanut butter
consumer income increases: cars
a faster espresso machine: cappuccinos at coffee shops
the price of coffee rises: cream
a severe frost in Florida: orange Julce
the US
government imposes a tariff on tequila
the price of broccoli falls: carrots
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