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Changes in the equilibrium price and equilibrium quantity

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During Valentine's week, more people buy chocolates and chocolatiers offer their chocolates in special red boxes, which cost more to produce than the everyday box. Perform an analysis for the market of boxes of chocolates (explain in words + graph) and show on a graph the adjustment process to the new equilibrium. Describe the changes in the equilibrium price and the equilibrium quantity.

Reference no: EM131229993

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