Using supply and demand curve diagrams

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Reference no: EM131001934

Please provide answers to the following using supply and demand curve diagrams. remember to label

a. What is the effect of a decrease in the price of rubber on the new car market?

b. What effect might cause the price of milk to fall and the quantity to fall also?

c. Show how it is possible for the price of water to be much lower than the price of diamonds, even though the demand for water is much greater than the demand for diamonds.

Reference no: EM131001934

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