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Explain how each of the following statements will affect the supply-and-demand.

A) When a cold snap hits Florida, the price of orange juice rises in supermarkets throughout the country.

B) When the weather turns warm in New England every summer, the price of hotel rooms in Caribbean resorts plummets.

C) When a war breaks out in the middle east, the price of gasoline rises, and the price of used Cadillacs falls.

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Joshua Stredder
Joshua StredderLv10
10 Nov 2020

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