Question: . NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE Why is it important for managers to understand the mechanics of supply and demand both

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NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE

Why is it important for managers to understand the mechanics of supply and demand both in the short run and the long run? Give examples of companies whose business was either helped or hurt by changes in supply or demand in the market in which they are competing.

ANSWER THROUGHLY 1-2 page *** IN PARAGRAPGH FORM PLEASE NOT BULLET POINTS

COPY AND PASTE Answer in paragraphs, and no picture attachment please.

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