The demand for cosmetics suddenly increases in a certain region without any growth in supply. Economists predict that the increased demand
will have three effects. Arrange those three effects in the order in which they will occur.
More producers will enter the market.
The prices of cosmetics will decrease.
The prices of cosmetics will increase
Answers: 3
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The demand for cosmetics suddenly increases in a certain region without any growth in supply. Econom...
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