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What Would Happen to the Equilibrium Price and Quantity of Apples

Question 163

Multiple Choice

What would happen to the equilibrium price and quantity of apples if the wages of apple pickers fell and the price of peaches fell?


A) price will fall and the effect on quantity is ambiguous
B) price will rise and the effect on quantity is ambiguous
C) quantity will fall and the effect on price is ambiguous
D) quantity will rise and the effect on price is ambiguous

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