Business, 14.02.2020 18:18 HAMILTRASHANDIKNOWIT

For each example, determine how the market for the good in the bolded text will respond to the described change.
a. Due to increases in hay prices, an input for raising cattle, the price of a gallon of 2% milk increases from $2.98 to $3.25.
b. Groupon has a Groupon for $6 off the price of laser tag.
c. Sharp increase in the price of wood causes increases in prices for dressers and desks.
d. Week long special at the grocery store, where pork shoulder is on sale at $1.99 a pound, down from $3.99 a pound.
e. Buy one get one free special for mp3 albums on Amazon.

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