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Use a graph that you like to demonstrate your own personal economic experience. Make sure to explain what the graph represent

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Let us illustrate the very common economic experience we all have . It is regarding price changes of a particular good due to change in demand or supply . In summers the demand for ice creams rises . This is because people consume more cold desserts to ward off the excess heat . Ice cream production cannot be increased in a very short run as increasing production would require more resources or inputs . So this excess demand causes price of ice creams to rise during summer . The demand curve shifts right in the market for ice creams . This causes both equilibrium price and quantity to rise .

Price p X 9, 92 Quantity a Market for Ice-creams ( right shift of demand curve)

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