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Ceteris paribus, assume postal workers are successful in obtaining a pay raise from the Singaporean postal service and email and text messaging have become common.
Ceteris paribus, assume postal workers are successful in obtaining a pay raise from the Singaporean postal service and email and text messaging have become common. Using demand and supply graphs, illustrate and explain the impact on the equilibrium price and quantity in the market for postal services? HINT: There is more than one possible outcome. (6 marks)
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