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Explain how a market adjusts to an increase in the supply of a product.
DS Services of America
A beverage company that specializes in water delivery and coffee service to homes, offices, and retail establishments in the United States.
Coffee Delivery Systems
Methods or services designed to deliver coffee or coffee products directly to consumers or businesses.
Inelastic Demand
A market situation where the demand for a product does not significantly change in response to price changes.
Elastic Demand
A situation in the market where the desire for a product or service sharply varies with the adjustments in its cost.
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