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The demand for onions is very inelastic. Draw a supply/demand diagram that shows how the equilibrium price and quantity will change when a drought reduces

The demand for onions is very inelastic. Draw a supply/demand diagram that

shows how the equilibrium price and quantity will change when a drought

reduces supply. Label the axes and the prices and quantities both before and

after the supply change. Then, write a few sentences explaining what

happened to prices relative to quantities and why.

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