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Microeconomics Help: The Graph represents the market for breakfast cereals. Now, suppose that
2 months ago
13
The graph represents the market for breakfast cereals. Now, suppose that one of the industry's major suppliers of breakfast cereal decided to exit the market to focus on its snack foods. At the same time, the average price of cereal has increased and the amount of cereal sales has increased. Manipulate the graph to demonstrate these changes in the market for cereal.
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