Describe and come up with an example for these three scenarios Supply dictated demand, Demand dictated supply, and Law of demand dictated price and quantity Explain the advantages and disadvantages In thinking about product differentiation, supply and demand, innovation, nature of competition, and pricing, what is the impact each of the three scenarios has on the market structure

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Question: Describe and come up with an example for these three scenarios: Supply dictated demand, Demand dictated supply, and Law of demand dictated price and quantity.

Describe and come up with an example for these three scenarios: Supply dictated demand, Demand dictated supply, and Law of demand dictated price and quantity.

Explain the advantages and disadvantages
In thinking about product differentiation, supply and demand, innovation, nature of competition, and pricing, what is the impact each of the three scenarios has on the market structure?

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