According to a news article: About 1.4 billion pounds of American, cheddar and other kinds of cheese
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According to a news article: About 1.4 billion pounds of American, cheddar and other kinds of cheese is socked away at cold-storage warehouses across the country, the biggest stockpile since federal record-keeping began a century ago. . . . Many [cheese companies] are paying to store their excess cheese in hopes demand and prices will improve. What effect did the strategy of warehousing cheese have on the supply of cheese? Use a graph to illustrate your answer.
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Warehousing cheese reduces the supply of cheesewhich is represented by a leftward shift of the suppl...View the full answer
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