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number 1. please explain this question 12pt Paragraph B I U A & TV ... 1. The prices people pay for things are like cleverly

number 1. please explain this question

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12pt Paragraph B I U A & TV ... 1. The prices people pay for things are like cleverly placed thermostats that balance the decisions of thousands of producers and millions of consumers. Explain. 2. The price of blue jeans has risen substantially in recent years. Demand for blue jeans has also been rising. This is hard to explain because the law demand says that higher prices should lead to lower demand

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