Hello, This is the question I can't seem to solve: In the past, tofu was considered a
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Hello,
This is the question I can't seem to solve:
In the past, tofu was considered a low quality food and its production is mainly from small
household businesses using simple tools. Today tofu has become popular as it is considered a
high-protein healthy food. At the same time, tofu production has evolved to become factory-based using modern large scale food processing technologies.
Draw diagram with demand and supply curves to examine and illustrate the market equilibrium for tofu over time. What does the demand-supply model predict about changes in the quantity of tofu sold and the prices of tofu over time?
Thank you in advance!
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