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  3. 2 graph the demand and supply curves on a piece...

Question: 2 graph the demand and supply curves on a piece...

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2. Graph the demand and supply curves on a piece of paper then explain each of the following statements in context of the supply or demand determinant being affected. a. When a cold snap hits Florida, the price of orangse uice rises in supermarkets throughout the country. b. When the weather turns warm in New England every summer, the price of hotel rooms in Caribbean resorts plummets. c. When a war breaks out in the Middle East, the price of gasoline rises.

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