Using supply and demand diagrams, show the effect of the following events on the market for sweatshirts.
Question:
Using supply and demand diagrams, show the effect of the following events on the market for sweatshirts.
a. A drought in Egypt damages the cotton crop.
b. The price of leather jackets falls.
c. All universities require students to attend morning exercise classes in appropriate attire.
d. New knitting machines are invented.
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Jehal Shah
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