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The market for backpacks starts in equilibrium. At the same time that schools ban backpacks for safety concerns the is a decrease in the nylon

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The market for backpacks starts in equilibrium. At the same time that schools ban backpacks for safety concerns the is a decrease in the nylon material used to make backpacks. Carefully explain how demand and supply for backpacks are affected and how you expect the equilibrium price and quantity in the backpack market will change

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