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Last month, ice cream cost $7 a gallon. This month, consumers are willing to pay $8 a gallon.
What will probably happen to the quantity of ice cream supplied?
will it go up or go down?
The quality of the supplied ice cream will increase due to the increasing sales consumers want to pay for.
Explanation:
It will only go down when consumers wanted to pay less, but for this situation it will go up over time in which there will be more supply for a gallon of ice cream.
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