Question: Use supply and demand curves and an example to explain how speculation affects market prices. When a new product is introduced there is initially a

  1. Use supply and demand curves and an example to explain how speculation affects market prices.

  1. When a new product is introduced there is initially a small quantity being produced during the introduction stage.As consumers become more aware of the product the demand increases and as the product becomes more accepted in the market more competitors enter.Use a supply and demand diagram to show what happens?

Im not too sure how to answer these questions.

These Question is related to Supply and demand in Macroeconomics

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