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Jan 29th, 2017
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  1. Place in order the stages of a market experiencing a shortage and then regaining equilibrium.
  2.  
  3. 1. A popular celebrity endorses a product.
  4.  
  5. 2. Demand for product increases
  6.  
  7. 3. More items are purchased than are being manufactured
  8.  
  9. 4. Sellers raise prices, which causes a partial but not complete pullback of demand.
  10.  
  11. 5. Sellers use increased revenue to fund increased production
  12.  
  13. 6. Supply again matches demand
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