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2. Determinants of Supply and Demand For the economic Crocs, you consider, describe it according to the determinants of supply and demand. Use the determinants
2. Determinants of Supply and Demand
For the economic Crocs, you consider, describe it according to the determinants of supply and demand. Use the determinants from the following list:
- Demand: Income, prices of related products, preferences, demographic characteristics, buyer expectations
- Supply: Prices of factors of production, technology, returns from alternative activities, the number of sellers, seller expectations, natural events
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