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36.} In the following three situations, the market is initially in equilibrium. After eaoh ayeot described below, does a surplus or shortage exist

36.} In the following three situations, the market is initially in equilibrium. After eaoh ayeot described below, does a surplus or shortage exist atth-e original equilibrium price? What will happen to the equilibriumprice as a result? a. In 201D there was a bumper prep {a particularly proouotiye harvest yielded} of wine grapes. b. After a hurricane, Florida hoteliers often find th at many people eanoel their upoomirig vacations,leaving them with empty hotel roerns. e. After a heavy snowfall, many people want to buy seoonti-hand snow blowers at the Ioeal tool shop.
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