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Explain how the market for blueberries will be affected

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Reference no: EM133552003

Question: Maximum word count: 250 words Farmers expect the price of blueberries to be much lower next year. Due to lots of media attention on the health bene?ts of blueberries, consumers are eager to purchase blueberries. Explain how the market for blueberries will be affected by these two changes. Clearly indicate how the equilibrium price and equilibrium quantity of blueberries will be affected by these changes. Make use of a combination of diagrams and verbal explanation to explain your answer.

Reference no: EM133552003

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