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The graph represents the market for breakfast cereals Now, suppose that one of the industry's major suppliers of breakfast cereal has decided to exit the market to focus on its snack foods

The graph represents the market for breakfast cereals. Now, suppose that one of the industry's major suppliers of breakfast cereal has decided to exit the market to focus on its snack foods. At the same time, the average price of cereal has increased and the total amount of cereal sales has increased. Manipulate the graph to demonstrate these changes in the market for cereal Supply Demand Quantity Price

Apr 01 2020 View more View Less

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