With respect to the model of induced demand (figure 8.2 (in the text)), explain why an increase in supply leads to an increase in demand. Under what circumstance would price increase? During a pandemic, how is this model relevant?

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The Answer of With respect to the model of induced demand (figure 8.2 (in the text)), explain why an increase in supply leads to an increase in demand. Under what circumstance would price increase? During a pandemic, how is this model relevant?

With Respect to the Model of Induced Demand (Figure 8