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Unformatted text preview: 2. Raw materials decrease in price therefore supply increases. 3. The increased wage rates will increase supply of the product itself as well as the quantity demanded. 4. Doubling prices will most likely decrease demand and cause an increased supply because people will not be able to afford the product and supplies will mount up. 5. Demand will increase because people will have more money to purchase the jeans....
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- Spring '09