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In 2020, the Broadway Boat Bar (an event venue) saw a substantial drop in bookings despite the management decreasing the rental price. On a separate

In 2020, the Broadway Boat Bar (an event venue) saw a substantial drop in bookings despite the management decreasing the rental price. On a separate sheet of paper, draw a Supply and Demand diagram carefully labeling each axis as well as the Demand and Supply curves. Then visually depict the change in Demand or Supply that resulted in this outcome.


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