Suppose the price of cherries decreases at the same time mrs. smith's introduces a new and better-tasting cherry pie that consumers love. how will these changes impact the quantity and price levels in the market for cherry pies?

The change in cherry price will likely allow her to produce more pies, which will lead to a lower price per pie for the consumer. As the cost for cherries goes down, Mrs. Smith will be able to purchase more which would allow her to make more as the demand rises.