Business
Business, 20.09.2020 09:01, ashley4329

Suppose that the market for athletic shoes is initially in equilibrium at point A. Further suppose the demand for athletic shoes increases rapidly during 2020. At the same time, six more firms begin producing athletic shoes. A student remarks that, because of these events, we can't know for certain whether the price of athletic shoes will rise or fall. The student's remarks (that, because of these events, we can't know for certain whether the price of athletic shoes will rise or fall) is

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Suppose that the market for athletic shoes is initially in equilibrium at point A. Further suppose t...

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