Answer the following five questions by stating whether the equilibrium price and quantity in the market for vacuum cleaners will either:
Increase (⇑);
Decease (⇓);
Stays constant (SC);
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There has been a technological advancement in bee smokers (a honey bee calming device used to produce honey).
The price of the maple syrup, a substitute for honey, increases.
Consumer incomes increase and honey is considered a normal good.
The price of Greek-style Yogurt, a complement to honey for consumers, increases.
The cost of honey harvesting equipment rises.
What Factor.
D or S Shift.
D/S increase or Decrease.