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Using the construction of the supply-and-demand diagram, indicate the effect of the following events on the...

Using the construction of the supply-and-demand diagram, indicate the effect of the following events on the market for sweatshirts. Will the event cause an increase of decrease in market demand or market supply or an increase or decrease in quantity demanded or quantity supplied? a. The cost of cotton becomes cheaper. b. The price of leather jackets (substitute) increases. c. All colleges require students to exercise in the appropriate college sweatshirt. d. New machinery used in the knitting process becomes more costly.

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