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Initially supply falls as goods may be destroyed. As the disaster strikes, the demand also rises in anticipation of more supply disruptions as people want to 'stock up' on the good for future bad times. This fall in supply and rise in demand causes price to spiral; this is sometimes referred to as 'exploitation'. In fact, it is a clear illustration of demand and supply concepts.
c. Using two graphs, show consumer surplus before and after government intervention. Be precise. Label the axis and all the lines.
CS=green area
PS= blue area
Question 1: Altering consumer attitudes is a key strategy consideration for most marketers because consumers' attitudes towards a product will influence their buying behavior
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Question 1: How different is administrative law from civil law and criminal law? Explain your answer by giving examples and citing court decisions. Question 2: What are
Answer for a caselet
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