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Discuss one recent price change that you have noticed while visiting your local supermarket. Speculate on whether or not the price change that you identified was a result of a change in either supply or demand. Provide a rationale for your response.
Microeconomics, Economics
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Question: The supply and demand functions for natural gas from 1950 to 2007 are followings. Qs= 0,02 + 0,7Pg + 0,045Po + 0,06I Qd= 148,82 -1,8 Pg + 0,069Po + 0,05I Where Pg is the price of natural gas, Po is the price of ...
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