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In the 1980s and 1990s, East Vancouver's Ace of Suedes had 22 employees, but the work slowly dried up as the price of mass-produced leather
In the 1980s and 1990s, East Vancouver's Ace of Suedes had 22 employees, but the work slowly
dried up as the price of mass-produced leather jackets dropped and at the same time, labour
costs increased.
Explain the effects in the dry-cleaning market of:
a. Rising labour costs.
b. A drop in the price of mass-produced leather jackets.
c. Rising labour costs and the falling price of mass-produced leather jackets.
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