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Question
Sabrina decided to start selling lemonade on her street. The other kids in the neighborhood noticed that Sabrina was making a lot of money selling lemonade. These kids decided to open their own lemonade stand. When they opened their own lemonade stand, the equilibrium price ________ and the equilibrium quantity ________.
a. increased; decreased
b. decreased; increased
c. increased; increased
d. decreased; decreased
e. stayed the same; stayed the same
Answer
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Related questions
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