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Chapter 3: Q. g - For Critical Thinking (page 67)

Why do you suppose that prices of barbecued brisket have been rising in

many U.S. cities?

Short Answer

Expert verified

Due to excess demand.

Step by step solution

01

Step1. Given information

Long queues and people leaving empty handed at barbecued briskets restaurants.

02

Step2. Explanation

Such situation is referred to as excess demand where demand exceeds the supply. As a result of this excess demand, the prices are rising in several cities.

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