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-Using the Above Figure, Suppose There Is a Decrease in the Number

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Multiple Choice

  -Using the above figure, suppose there is a decrease in the number of suppliers. Then A)  the equilibrium price will decrease below $25 per dozen roses. B)  we cannot predict what will happen to equilibrium quantity. C)  the equilibrium quantity will decrease below 10 dozen roses. D)  both the equilibrium price and quantity will increase.
-Using the above figure, suppose there is a decrease in the number of suppliers. Then


Definitions:

Acculturation

Adapting to the language, values, beliefs, roles, and other characteristics of the host culture.

Host Culture

The culture of a country or community where an individual is living temporarily or permanently as a visitor or newcomer, often contrasted with the individual's native or home culture.

Ethnic Group

A community or population made up of people who share a common cultural background, heritage, language, or belief system.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

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