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Q.

In a small economy, there are only two goods: apples and oranges. The government has imposed a price ceiling on apples to make them more affordable for consumers. As a result, the demand for apples has increased, and the supply has decreased. On the other hand, the price of oranges has remained the same. The following table shows the original and new equilibrium prices and quantities of apples and oranges:

 PriceQuantity
Apples₹41000
Oranges₹5800
New Price₹3800
New Quantity1200800

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