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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
Courts opened its first retail outlet in Mauritius in 1985, on the outskirts of Port Louis. It subsequently opened outlets in all the towns and big villages. However inspite of its
5 Steps
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explain the varius approaches that are followed by f m c g companies in test marketing
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