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Choose one particular food (e.g., bread, whole wheat bread, etc.) and assume that there is an increase in its price. Now, in two separate graphs,
Choose one particular food (e.g., bread, whole wheat bread, etc.) and assume that there is an increase in its price. Now, in two separate graphs, draw markets for related goods. Explain how the goods are related to the food you chose. For each related good, describe what happens to supply, demand, market price and market quantity after the price of the food you chose increases.
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