Begin with the market for slushies in equilibrium. What will happen to the equilibrium price of a slushy if the price of sugar increases? Will the equilibrium prices of slushies increase, decrease, or stay the same if sugar prices increase? A increase B decrease stay the same

Begin with the market for slushies in equilibrium. What will happen to the equilibrium price of a slushy if the price of sugar increases? Will the equilibrium prices of slushies increase, decrease, or stay the same if sugar prices increase? A increase B decrease stay the same

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Begin with the market for slushies in equilibrium. What will happen to the equilibrium price of a slushy if the price of sugar
increases? Will the equilibrium prices of slushies increase, decrease, or stay the same if sugar prices increase?
A increase
B decrease
C) stay the same

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