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For an organic agriculture firm, you work as a business analyst. In February, you found that There was an unforeseen temporary rise in rice demand in 2019, increasing monthly demand for rices.25 percent for lentils at any possible price. As a consequence, the price of rices grew by TL5 per kilogram, By February's end. This demand increase ended in April 2019, and rice prices dropped back to their average. Only before the surge in temporary demand occurred.A steady rise in rice demand occurred later that year in August 2019, raising the demand for rices.Monthly demand for rices at any possible price by 25 percent per month. Price of rices by May 2020 By TL1 per kilo had increased. The industry witnessed a change in demand of almost the same size in both circumstances. Nonetheless, the It seems that the change in the equilibrium price was different. Explain why there were such distinct price responses market in the business.
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