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Question1: In 2005, hogs in the US were selling for $67 each, down from $75 a year ago. This was primarily due to fact that supply had raise during the period to 1.8 million hogs per week.

Question2: Early in 2007, a survey of greenhouses indicated that the demand for houseplants was rising sharply. AT the same time, large numbers of low cost producers started growing plants for sale. The overall result was a drop in the average price of houseplants and an increase in the number of plants sold.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9309740

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