Question: Example: In the technology industry, customers enthusiastically make pre-orders and generate strong demand when they anticipate the debut of a new smartphone with cutting-edge capabilities.

Example: In the technology industry, customers enthusiastically make pre-orders and generate strong demand when they anticipate the debut of a new smartphone with cutting-edge capabilities. In response, producers boost output in order to fulfill this demand and provide the eagerly awaited cellphones. Here, supply is determined by demand

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