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2. (15 pts. total) Supply & Demand Applications. Please respond to each question below. (1) (5 pts.) Beach resorts typically raise their prices during the

2. (15 pts. total) Supply & Demand Applications. Please respond to each question below. (1) (5 pts.) Beach resorts typically raise their prices during the summer months and yet more people book rooms at those times. Is this a violation of the law of demand? Please draw and label a graph to support your answer. This is a change in quantity demanded not a change in demand there is a difference

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