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1) Apple announces the release of the highly-anticipated iPhone 6, which is supposed to be the most advanced and user-friendly Smart Phone yet. On the

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1) Apple announces the release of the highly-anticipated iPhone 6, which is supposed to be the most advanced and user-friendly Smart Phone yet. On the day of its release, however, several shipments are lost at sea due to poor weather. (iPhone 6) Change in Demand? Change in Peq: Increase Determinant: Demand Increase Change in Supply? Change in Qequecreae Determinant: Supply Increase

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