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Sagot :
As Joelle notices that many suppliers are entering the market hence she will expect firms will enter causing supply to shift right decreasing prices and profits.
As Joelle observes that the suppliers for the candies have increased in the market, hence this means that there will be increased competition. The increased competition will lead to candy suppliers lowering their prices for candies and a decrease in the overall profit.
The demand of the product will become lesser than the supply of the product. This will cause the supply to shift right due to which the demand will decrease, the prices will decrease. Overall, the profits will also decrease.
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