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Describe law of supply and law of demand (draw graphs too) Describe a good supply and demand condition for a business. Describe the paradox of

  1. Describe law of supply and law of demand (draw graphs too)
  2. Describe a good supply and demand condition for a business.
  3. Describe the paradox of diamonds and water with respect to supply and demand.
  4. Describe what factors shift the supply and demand curves.
  5. Graph and describe a shortage, and do the same for a surplus.
  6. Draw and describe simultaneous shift of supply and demand

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