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Which of the following would cause an increase in the equilibrium price and decrease in the equilibrium quantity of watermelon?
Breach of Contract
Occurs when one party fails to fulfill their obligations under a contract, allowing the other party to seek legal remedies.
Valid Offer
A proposal made by one party to another with terms clear enough to create a legally binding contract if accepted.
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A public promotion of a product, service, or event through various forms of media.
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