Consider the market forraspberries.
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4. Consider the market for raspberries. Suppose there is a report states that raspberries

from Ecuador may have life-threatening bacteria and at the same time the cost of transporting the raspberries to the United States rises. Will there be a decrease or increase in demand for raspberries if raspberries have bacteria and come from Ecuador? As a result, will the demand curve for raspberriesshift to the left or to the right? Is there a decrease or increase in the supply for raspberries if the cost of transporting raspberries from Equador to the United States rises? As a result, will the supply curve for raspberries shift to the left or to the right? Also, suppose the supply curve shifts out less than the shift in the demand curve, what will happen to the equilibrium price and equilibrium quantity as a result of this scenario?  Please use a graph and words to explain your answer. In your graph, please label price on the y-axis and quantity on the x-axis, P1 as the initial equilibrium price, Q1 as the initial equilibrium quantity, P2 as the new equilibrium price and Q2 as the new equilibrium quantity and S1 as the initial supply curve, S2 as the new supply curve, D1 as the initial demand curve and D2 as the new demand curve

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