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Watermelon supply is very inelastic in the short run.Please draw a diagram showing how equilibrium price and quantity changes when demand changes due to low
Watermelon supply is very inelastic in the short run.Please draw a diagram showing how equilibrium price and quantity changes when demand changes due to low prices for apples, which are a substitute in consumption. Please label the axes, prices, and quantities before and after the supply change. Please explain what happened to prices relative to quantities.
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