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Recall the Application about the decline in honeybee colonies and its effect on the price of ice cream to answer the following question(s) . In the last few years thousands of honeybee colonies have vanished, a result of bee colony collapse disorder (CCD) . Roughly one third of the U.S. food supply--including a wide variety of fruits, vegetables, and nuts--depends on pollination from bees. The decline of honeybees threatens $15 billion worth of crops in the United States.
-According to this Application, the decline in honeybee colonies and its subsequent effect on the ingredients used in the production of ice cream has ________ the equilibrium price and ________ the equilibrium quantity of ice cream.
Problem Solving
The process of finding solutions to difficult or complex issues.
Intolerance for Ambiguity
A personality trait that describes individuals who struggle with uncertain, unclear, or unpredictable situations.
Need for Cognition
A psychological term referring to an individual's tendency to engage in and enjoy thinking, analysis, and problem-solving.
Analyze Things
The process of examining components or structures critically to understand their nature or determine their essential features.
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