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ASHA 777 [7]
3 years ago
11

New technology for mixing and freezing ice cream lowers manufacturers' costs of producing chocolate ice cream. As a result, the

supply of chocolate ice cream will ___, which means the equilibrium price will ___ and the equilibrium quantity will ___.
Business
1 answer:
BabaBlast [244]3 years ago
6 0

Answer:

increase, reduce, increase

Explanation:

When a new technology reduces cost, the supply of chocolate increases because cost of production has been lowered. This means equilibrium price will go down because supply has increased. Equilibrium quantity will also increase due to increase in supply.

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has excess cash of​ $15,000 at the end of the harvesting season. will need this cash in four months for normal operations. Requi
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1)

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2)

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