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3. Use properly labelled graphs to illustrate what might have happened to supply and/or demand curves to bring about each situation (This question is worth

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3. Use properly labelled graphs to illustrate what might have happened to supply and/or demand curves to bring about each situation (This question is worth 3 points): a. The price of apples increased from $1/pound to $2/pound, but the quantity exchanged was unchanged. b. The quantity exchanged of bottled water increased and its price declined. C. Both the price and quantity exchanged of building materials rose

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