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3. Draw the supply and demand for lumber on the U.S. market. Then, predict what will happen to the quantity and price of lumber after
3. Draw the supply and demand for lumber on the U.S. market. Then, predict what will happen to the quantity and price of lumber after the following scenarios occur: When the pandemic hit, producers expected sales to drop in the near future and thus cut back on production. At the same time, home owners decided to rebuild or renovate their homes and placed more orders
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