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4 December, 10:42

Consider the market for portable air conditioners, initially in equilibrium. when a heat wave strikes, the equilibrium price:

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  1. 4 December, 10:55
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    I suppose there should be an options to choose. Anyway, I've found these options and I think, that the answer is: when a heat wave strikes, the equilibrium price and quantity both increase. Equilibrium price is the price where the supply and demand are matched.
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