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  3. 3 using the supply and demand model illustrate how each...

Question: 3 using the supply and demand model illustrate how each...

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3) Using the supply and demand model, illustrate how each of the following events likely to affect equilibrium price and equilibrium quantity in the strawberry jelly market. Use well-labeled supply and demand curves for each case.

--> Consumers in this market are likely to consume 1 slice of wheat bread along 1 tablespoon of strawberry jelly. There is a decrease in the price of wheat bread. The medical community claims that consuming strawberry jelly increases your blood sugar. Decrease in the price for sugar (a raw input used in producing jellies). A weak strawberry season, leads to an increase in prices for fresh strawberries.

3rd Time Posting --- Only accurate answers please.

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