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Suppose a tropical storm is expected to hit the coast of an island that produces widgets in two weeks and destroy multiple widget factories. This
Suppose a tropical storm is expected to hit the coast of an island that produces widgets in two weeks and destroy multiple widget factories. This means that when the storm hits, the supply of widgets will decrease. What will happen to the demand for widgets in the present before the storm hits? How will this affect the current equilibrium price and quantity? What determinant of demand, if any, is at work here
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