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Using supply and demand diagrams, show the effect of the following events on the market for sweatshirts. A hurricane in South Carolina damages the cotton
Using supply and demand diagrams, show the effect of the following events on the market for sweatshirts.
- A hurricane in South Carolina damages the cotton crop.
- The price of leather jackets falls.
- All colleges require morning exercise in appropriate attire.
- New knitting machines are invented.
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