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Use supply and demand curves and the 4-Step Approach to analyze the effects on the Air...

Use supply and demand curves and the 4-Step Approach to analyze the effects on the Air Jordan shoe market to the following conditions: After the release of "The Last Dance" docuseries about Michael Jordan and the Chicago Bulls, a craze for Nike Air Jordan shoes develops; at the same time incomes decrease due to COVID-19. Market: Air Jordan shoes.

a. Show the 4-Step Approach in the text box below

b. Draw the graph, take a picture of it and upload it to the dropbox below the text box

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