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Related to the Economics in Practice on page 65: Increased preference for quinoa would most likely shift the demand curve for quinoa to the ________ and lead to a(n) ________ in the price of quinoa, ceteris paribus.
Output
The total amount of goods or services produced by a company, sector, or economy over a specific period.
Price
The amount of money expected, required, or given in payment for something.
Marginal Revenue
The additional income that a firm receives from selling one more unit of a good or service.
Total Revenue
The total amount of money received by a company from its sales of goods or services, before any expenses are subtracted.
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