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Verdich [7]
2 years ago
6

Susie decided to start selling lemonade on her street. The other kids in the neighborhood noticed that Susie was making a lot of

money selling lemonade. These kids decided to open their own lemonade stand. When they opened their own lemonade stand, the equilibrium price:

Business
1 answer:
xxTIMURxx [149]2 years ago
7 0

Answer:

Decreases and the equilibrium quantity increases

Explanation:

If more children join Susie in the lemonade business, the supply of lemonade would increase. This is indicated by a rightward shift of the supply curve. Because supply has increased relative to demand , price would fall and equilibrium quantity would increase.

I hope my answer helps you

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