Due to a recent World Cup victory, what happens to the demand for football jerseys, and what is the impact on price?
Demand goes up, price increases
A new regulation requires all schools to provide extra volleyballs, but the supply remains the same. What happens to demand and price?
Demand goes up, price increases
Due to a glitch, iron becomes easier to find in Minecraft, leading to an increase in iron tools being crafted. What happens to the supply of iron tools, and how does it affect the price?
Supply goes up, price decreases
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