(1) we observe that the equilibrium price of turkey meatball rises. explain whether or not a rise in the price of turkey is responsible for this observation.

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asked Jan 25, 2018 51.5k views

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(1) we observe that the equilibrium price of turkey meatball rises. explain whether or not a rise in the price of turkey is responsible for this observation.

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The price of turkey didn't necessarily go up, but if demand rose then so did the price.

Jeroen De Dauw answered Jan 30, 2018

by Jeroen De Dauw

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