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Question 5 (5 marks) Describe what is meant by supplier-induced demand? (use asupply and demand diagram...

Question 5 (5 marks)

  1. Describe what is meant by supplier-induced demand? (use asupply and demand diagram to help you explain your answer)(2 marks)
  1. Why would economists be concerned about the presence of supply-induced demand? (3 marks)
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