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Suppose that a t-shirt shop on Market Street is selling shirts for $15, yet it cannot keep enough shirts on the shelf to satisfy all
Suppose that a t-shirt shop on Market Street is selling shirts for $15, yet it cannot keep enough shirts on the shelf to satisfy all the customers who come in.
Part 1: Draw a graph illustrating this situation
Part 2: Explain the graph
Part 3: Describe (if at all) how you would expect the price to adjust as a result.
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