6. As a manufacturer of in-line roller skates, you are questioning your pricing policies. You note that
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6. As a manufacturer of in-line roller skates, you are questioning your pricing policies. You note that over the past five years, the CPI increased an average of 3 percent per year, but the price of a pair of skates increased an average of 8 percent per year for the first three years and 2 percent per year for the next two years. What does this information tell you about demand, supply, and other factors influencing the market for these skates? (Resources, Information
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