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Standard demand and supply curves

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Assume that the market of carrots is competitive and can be modelled by standard demand and supply curves.

Suppose that a natural disaster destroys crops and causes the supply of carrots to decrease, which of the following would necessarily occur as a direct result?

Reference no: EM132559282

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Standard demand and supply curves : Assume that the market of carrots is competitive and can be modelled by standard demand and supply curves.
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