The price of dry-cleaning solvent doubled

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Reference no: EM131085118

In the past year, the price of dry-cleaning solvent doubled. More than 4000 dry cleaners across the country disappeared as budget-conscious consumers cut back. This year the price of hangers used by dry cleaners is expected to double.

Explain the effect of consumers becoming more budget conscious along with the rising price of solvent on the price of dry cleaning.

Reference no: EM131085118

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