Prices tend to rise in response to a natural disaster

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Prices (fuel, water, grocery items, etc.) tend to rise in response to a natural disaster.

1. Using the term Demand as a topic, explain how/why this occurs.

2. Using the term Supply as a topic, explain how/why this occurs.

3. Using the term Equilibrium as a topic, explain how/why this occurs.

4. From an ETHICAL/MORAL point of view, what are the issues involved with this case?

Reference no: EM13838875

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