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As the dip from the Hudsucker Proxy opens, we observe the shop owner standing in the doorway of the store. Describe the situation in the

As the dip from the Hudsucker Proxy opens, we observe the shop owner standing in the doorway of the store. Describe the situation in the market that caused the shop Owner to make the price changes shown in the opening scene.

Use the language of economics correctly throughout your response.

Demonstrate that you understand demand, supply and equilibrium.

Assume that the reader is not familiar with the topics that you are discussing.

Please use complete sentences.

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