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04-11-2022
Business

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the graph shows the supply and demand for bottled water before the accident. assume that $6 is the maximum price for a case of bottled water according to the price gouging laws on the island. shift one or more curves to show the effect of the accident on the market for bottled water. price ($) quantity of bottled water by the case 0 100 200 300 400 500 600 700 800 900 1,000 0 1 2 3 4 5 6 7 8 9 10 supply demand price ceiling what is the amount of the shortage after the accident? shortage: cases of water

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