Economics: Private and Public Choice (MindTap Course List)
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506725
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Chapter 3, Problem 12CQ
To determine

Explain the goods produced and quantity supplied in the market.

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As a group, discuss different factors that would affect the market for donuts. Now, suppose that the price of sugar has increased and at the same time, it is January and many people have just done their New Year's resolutions, one of which is to eat less sugar. What will the impact be on the market for donuts?
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