What is the effect on the equilibrium price and equilibrium quantity of orange juice if the price of apple juice decreases and the wage rate paid to orange grove workers increases?? The equilibrium price of orange juice ?______ and the equilibrium quantity? ______.

Fill in the blank(s) with the appropriate word(s).


Ans:
When demand decreases and supply decreases?, the equilibrium quantity of theater tickets decreases and the equilibrium price of a theater ticket rises, falls, or remains the same.

Economics

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