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QUESTION 1 A} Theoretical Questions (10 marks} You are hired as market analyst in Kensington mm. a firm selling beverages with wide range of related

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QUESTION 1 A} Theoretical Questions (10 marks} You are hired as market analyst in Kensington mm. a firm selling beverages with wide range of related products such as Coffee, Creamer. Chocolate drink etc. The CEO of the firm requires you to increase the price of some products and seeking for your suggestion. Using supply and demand curves to illustrate how an},r possible event would affect the price of coffee in the rm and explain the shifts. [Give example of at least 3 scenarios. no calculation is needed}. [10 marks)

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