to Suppose that there has been a sudden influx of refugees in the small town of...

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to Suppose that there has been a sudden influx of refugees in the small town of Dallon, leading to a doubling of the local population. The accompanying graph depicts Dallon's market for food. Adjust the graph to show the immediate impact that this rise in population has on the food market. Then determine what happens to equilibrium price and quantity. O Macmillan Learning Equilibrium price remains constant. () increases. decreases. O may increase or decrease, but it is impossible to now for sure. Equilibrium quantity increases. O remains constant. decreases. O may increase or decrease, but it is impossible to now for sure. Price Market for food Quantity S to Suppose that there has been a sudden influx of refugees in the small town of Dallon, leading to a doubling of the local population. The accompanying graph depicts Dallon's market for food. Adjust the graph to show the immediate impact that this rise in population has on the food market. Then determine what happens to equilibrium price and quantity. O Macmillan Learning Equilibrium price remains constant. () increases. decreases. O may increase or decrease, but it is impossible to now for sure. Equilibrium quantity increases. O remains constant. decreases. O may increase or decrease, but it is impossible to now for sure. Price Market for food Quantity S

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