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We took a survey in the last class on the market demand for and supply of hand sanitizer. The survey results show that the bottles
We took a survey in the last class on the market demand for and supply of hand sanitizer. The survey results show that the bottles of hand sanitizer demanded declined as the market price increased from 67 cents to $9.99, and the supplied amounts increased as the only buyer's willingness to pay increased from 67 cents to $3.99. Can you explain the responses of the quantities demanded and supplied to the increases in the market price with a reallife example
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