Using supply and demand analysis, would you expect a longer line at the grocery store cashier...

Using supply and demand analysis, would you expect a longer line at the grocery store cashier at 2am or 2pm or it depends? Explain why.

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Expert Solution

Key point is to match consumer demand with icreased production. If demand increases, supply also increases and retailers willl be forced to sell products at low prices and henceforth, long lines at grocery stores is quite common.

Rahul Sunny answered 2 years ago

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