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Question: consider the impact on demand for a specific product in...

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Consider the impact on demand for a specific product in each of the following cases will demand go up, down, or be unchanged? Explain your expected effect in one complete sentence (a) Animal welfare groups organize a boycott of sable fur coats; how is demand for sable pelts affected? (b) The price of gasoline goes down; how is demand for motorboats affected? (c) The price of coffee goes up; how is demand for energy drinks affected?

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