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13 November, 06:47

What effect do you think seasonal demand might have on the price of goods? Explain

why.

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  1. 13 November, 08:49
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    The four basic laws of supply and demand are: If demand increases and supply remains unchanged, then it leads to higher equilibrium price and higher quantity. If demand decreases and supply remains unchanged, then it leads to lower equilibrium price and lower quantity
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