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Social Studies, 22.06.2020 19:57 kyralynn123
HELP ASAP PLS ANSWER ALL
1. What is the difference between a want and a need? Give one example of each.
2. The supply of shoes dropped. Stores are having a hard time finding enough shoes to sell. What will happen to the price of shoes?
3. Collecting shoes suddenly becomes a popular hobby. More people than ever before are buying shoes often. The demand for shoes increased. What will happen to the price of shoes?
EXAMPLE FOR 1 & 2 NO THE ANSWER IS NOT A NEED OR WANT
The supply of shoes just increased. Stores have more shoes to sell than ever before. What will happen to the price of shoes?
The price of shoes will go down, or decrease.
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