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need question 2 answer in detail price (1.e. a movement along the demand curve). 2. Consider a competitive market for jute. Using supply and demand

need question 2 answer in detail

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price (1.e. a movement along the demand curve). 2. Consider a competitive market for jute. Using supply and demand diagrams, analyze 04 the effect on equilibrium price and output after the invention of cheap, durable synthetic bags. The supply and 04

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