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  3. 4 using supplyanddemand diagrams describe in economic terms the effect...

Question: 4 using supplyanddemand diagrams describe in economic terms the effect...

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4. Using supply-and-demand diagrams, describe in economic terms the effect of the following events on the market for sweatshirts. a. A hurricane in South Carolina damages the cotton crop. b. The price of nylon jackets falls. c. All colleges require morning exercise in sweat shirt and sweat pants. d. New cotton knitting machines are invented.

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