Was the price increase you observed caused by an increase


  • Identify two of the economic principle(s) or topic(s) that you want to learn more about ... and why.
  • Discuss a recent price increase of a product (or service) you were in the market to buy. Did you buy the product at the higher price? Why or why not? Was the price increase you observed caused by an increase in demand or a decrease in supply? Explain?

 

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Business Economics: Was the price increase you observed caused by an increase
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