What is an example from a historical example, when the forces of supply and demand caused the
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What is an example from a historical example, when the forces of supply and demand caused the price of a product to fluctuate rapidly. Explain the situation and how supply and demand caused it. For instance, the 1996 market for "Tickle Me Elmo". The supply of dolls was far less than necessary to meet the demand. This resulted in a radically high secondary market price.
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