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In: Economics

Think of items that you have purchased in a market such as ordinary items in your...

Think of items that you have purchased in a market such as ordinary items in your weekly budget like coffee or tea. 1. What price trends have you noticed over the last few years? Do the prices of coffee or tea fluctuate? Have prices increased or decreased? and How would you use what you have learned concerning Supply and Demand to explain these trends?

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