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1. (10 Marks) Theory of Edgeworth Price Cycles Apply the Theory of Edgeworth Price Cycles to predict the average regular unleaded petrol prices on Wednesday,

1. (10 Marks) Theory of Edgeworth Price Cycles Apply the Theory of Edgeworth Price Cycles to predict the average regular unleaded petrol prices on Wednesday, Sep 22, 2021 in Sydney and Perth. Provide step by step explanation on how you reach your prediction. Also briefly discuss how lockdown restrictions may affect the duration of the cycle and the "Trough-TGP" difference

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