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Assuming the two month school closures did reduce the transmission of head lice generally, use perfect competition market theory to explain what would happen the
Assuming the two month school closures did reduce the transmission of head lice generally, use perfect competition market theory to explain what would happen the equilibrium price and quantity for a head lice treatment in consequence of the lockdown measure.
a) Create imaginary demand and supply curves for a head lice treatment before the school closures occurred. Use illustrative figures with scales on axes, label all curves and axes, identify the equilibrium price and quantity
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