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Business, 07.04.2021 23:00 stdntlogin3206

Scenario 1: Sam starts a small business that specializes in manufacturing sleeping bags. Sam's sleeping bags sell for the price of $100 but another supplier undercuts his price and sells a similar sleeping bag for $75. Consumers choose to buy the less expensive sleeping bag to the dismay of Sam.
Does this scenario relate to the law of supply, demand, or neither? Justify why you believe this to be true.​

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