Supply and Demand
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Question 1 :
The following item appeared in a major daily newspaper: does this observation in fact violate the laws of supply and demand?
"Though sales are down, prices continue to rise in apparent violation of the law of supply and demand."
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Solution Summary
The laws of supply and demand are considered.
Solution Preview
This observation is indeed out of the ordinary, but not entirely impossible. An example of when this is possible is when some new specialized technological field is being investigated and ...
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