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Explain the laws of supply and demand

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-Please explain the laws of supply and demand and the interrelationship of consumers and sellers within the concepts of these laws.

-Please define what normal and inferior goods are and how changes in your income status determines what you believe are normal and or inferior goods.

-Please discuss the concepts of product compliments and substitutes and give at least three examples of each in your everyday life.

Reference no: EM132786716

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