During the hot summer months,more people want lemonade because it is refreshing.Accordingly,more lemonade stands pop up during the summer months.What happens to the equilibrium price and equilibrium quantity in the lemonade market during the summer? Provide a short explanation and create a supply and demand model to illustrate your points.

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The Answer of During the hot summer months,more people want lemonade because it is refreshing.Accordingly,more lemonade stands pop up during the summer months.What happens to the equilibrium price and equilibrium quantity in the lemonade market during the summer? Provide a short explanation and create a supply and demand model to illustrate your points.

During the Hot Summer Months,more People Want Lemonade Because It