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Explain the price of molly mills

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Consider the market for flour now that it is back on the supermarket shelves. Assume that only two brands of flour are available-Blue Wings and Molly's Mills-and the market is initially in equilibrium. Using the demand and supply framework, explain what would happen in the market for Blue Wings if the price of Molly's Mills was to increase. Include a graph in your answer.

Reference no: EM133062940

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