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Business, 29.11.2020 14:50 brebob3339

When a change in the supply and demand occur within a market, the effect on the new equilibrium market price or quantity can be determined. However, without information on the relative size of these shifts, both price and quantity cannot be determined. Match the supply and demand changes to the outcome that is known about the new equilibrium in the market for pizza, where pizza is a normal good and cheese and dough are inputs. consumer income rises; pizza dough decreases in price consumer income falls; pizza dough decreases in price consumer income falls; cheese increases in price consumer income rises; cheese increases in price price decreases; output uncertainprice increases; output uncertainoutput decreases; price uncertainoutput increases; price uncertain.

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When a change in the supply and demand occur within a market, the effect on the new equilibrium mark...
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