10. (25) You observe that the price of candy canes has increased dramatically. Assuming that this was not the result of

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answerhappygod
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10. (25) You observe that the price of candy canes has increased dramatically. Assuming that this was not the result of

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10. (25) You observe that the price of candy canes has increaseddramatically. Assuming that thiswas not the result of price controls or taxes, and using supply anddemand, provide twocompeting scenarios for this price increase. Enumerate theinformation that you wouldrequire to distinguish between these scenarios. There will be nopoints given for whichscenario you believe to be more likely.
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