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Unformatted text preview: predominantly Asian sections of large cities. Today tofu has become popular as a high-protein health food and is widely available in supermarkets throughout the United States. At the same time, tofu production has evolved to become factory-based using modern food-processing technologies. Given the information above: 1. Draw ONE diagram with demand and supply curves depicting the changes in the tofu market throughout these 25 years. (Show the graph clearly with proper labels. No need to explain.) 2. What does the demand-supply model predict about changes in the volume of tofu sold in the United States between then and now? 3. What does it predict about changes in the price of tofu? Please write in the space provided, hand written answers acceptable. Q1, Ans: Q2, Ans: Q3, Ans: - END -...
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