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In each of the following situations, list what will happen to the equilibrium price and the equilibrium quantity for a particular product, which is a normal good.
a.The population increases and the price of inputs increase.
b.The price of a complement increases and technology advances.
c.The number of firms in the market increases and income increases.
d.Price is expected to increase in the future.
e.Consumer preference increases and the price of a substitute in production decreases.
Thermometers
Instruments used to measure body temperature, critical for diagnosing and monitoring medical conditions.
Mercury
A chemical element with the symbol Hg that is a heavy, silvery d-block element; known for its use in thermometers and fluorescent lamps but toxic to humans and the environment if not handled properly.
Tympanic
Pertaining to the tympanum or eardrum, often used to describe temperature measurement methods via the ear.
Gastric Residual Volume (GRV)
The amount of fluid remaining in the stomach at a given time, used as an indicator of gastric emptying rate.
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