1. in no more than five(5) lines of typed text below this question, define the Economics term “DEMAND”, describe how it is graphically illustrates, and specifically identify two changes in market circumstances that might result in decrease in DEMAND. Be specific.
2. in no more than five(5) lines of typed text below this question, define the Economics term “SUPPLY”, describe how it is graphically illustrates, and specifically identify two changes in market circumstances that might result in decrease in SUPPLY. Be specific.
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