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Microeconomics Help: Suppose that there has been a sudden influx of refugees in the small town of
1 month ago
20
Suppose that there has been a sudden influx of refugees in the small town of Dallon, leading to a doubling of the local population. The accompanying graph depicts Dallon's market for food. Adjust the graph to show the immediate impact that this rise in population has on the food market. Then determine what happens to equilibrium price and quantity.
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