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What is the retail price in Australia? Explain.
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- What are the factors affecting the demand for processed foods?What do you think Is the relationship between price and quantity supplied?Draw a supply and demand graph for new cars. Show the impact that the 2008-09 recession (with the decrease in consumer income) had on the market for cars. You can show this best by shifting one of the curves. What happens to the price and quantity of new cars?
