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Home Q & A Board Humanities Art and Culture Fashion and Design
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Cris Cris
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6 years ago
In 2003, the UGG brand of boot took off due to its popularity among celebrities. During the 2006 and 2007 holiday seasons, it was very difficult for a consumer to find and purchase a pair of UGG boots, which lead to an online bidding war on EBay. This scenario is an example of:
 
  a. Market equilibrium c. Markdown
  b. Scarcity d. Purchasing power
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mizunoshiromizunoshiro
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6 years ago
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Cris Author
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6 years ago
Helped a lot
linlinlin
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Yesterday
Thanks
smdavis
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2 hours ago
Smart ... Thanks!
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