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How prices increase and provide a written explanation

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Question: Beginning July 1st Proposition 12 required pigs to be allotted 24 square feet of pen space for their meat (including bacon) to be sold in California. From the article: "...in June, California...[allowed] pork producers ... to sell their pre-existing inventory for the remainder of the year. Prices... charged higher as buyers rushed to load up on supplies before the law came into full effect." Draw a new market graph to show how prices increase and provide a written explanation

Reference no: EM133552334

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