Question: [elated to Solved Problem 3. on page 136] The demand for typical Christmas cakes such as pandoro and panettone is very high before and during
[elated to Solved Problem 3. on page 136] The demand for typical Christmas cakes such as pandoro and panettone is very high before and during the Christmas holidays. Once the holidays have passed, however, there is very little market for this type of products. Use a demand and supply graph to explain what happens to the price of Christmas cakes, starting from the second half of January.
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