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demand supply and price, Microeconomics

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Ask question # The price of Canadian-grown peaches skyrockets during an unusually cold summer that reduces the size of the peach harvest.
b. An increase in income leads to an increase in the price of family-restaurant meals, and to an increase in their sales.
c. Technological improvements in electronic publishing lead to price reductions for e-books and an increase in e-book sales.
d. A low-carb diet becomes popular and leads to a reduction in the price of bread and less bread being sold. Minimum 100 words accepted#

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