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Select the correct answer from each drop-down menu. How has the product demand varied in response to change in this scenario? Unseasonal rains damaged this year’s potato harvest, causing a sharp shortage in supply. This caused the price of potatoes to increase from $1per pound to $5 per pound. However, the quantity bought by people did not decrease significantly. In this case, demand for potatoes is . The study of demand was done usingthat involved computing volumes sold at different locations at the same time.
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