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Pick a good or service and illustrate its market with supply and demand curves. Explain what each curve represents and tell what (specifically) would shift each of the curves.

A well-structured answer will include:

• A clear cut choice of a good or service (Say “milk”, not “dairy products”).

• A properly-labeled diagram of the supply and demand curves.

• A discussion of the diagram that tells some specific factors that would shift each curve.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91239597

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