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Found in Economics: General-Economics
Chapter 1, # 0
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In November 1998 Vincent van Gogh's self-portrait sold at auction for $71.5 million. Portray this sale in a demand and supply diagram and comment on the elasticity of supply. Comedian George Carlin once mused, "If a painting can be forged well enough to fool some experts, why is the original so valuable?" Provide an answer.

 

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  • Posted on Nov. 05, 2009 at 02:03:33AM
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Preview: ... quantity of 1 unit. The $71.5 million price is determined w ...
The full tutorial is about 45 words long .