Explain the effects of the following statements to the equilibrium of supply and demand. Use supply-demand diagram also to best explain your answer/s. • The price of electricity rises throughout the country when El Niño wave hit our country.
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- Using Exercise 16.20, sketch the effects in parts (a) and (b) on a single supply and demand diagram. What prediction would you make about how the improved information alters the equilibrium quantity and price?Explain the effects of the following statements to the equilibrium of supply and demand. Use supply-demand diagram also to best explain your answer/s. • The price of tour packages falls when the typhoon season comes in our country.For each question start with a supply and demand graph of the market for tennis rackets. What happens to supply or demand in each scenario? Explain why and show on graph labeling the new equilibrium point.
- Explain the effects of the following statements to the equilibrium of supply and demand. Use supply-demand diagram also to best explain your answer/s. • The price of gasoline rises and the price of second hand cars falls when the war breaks out between Russia and UkraineDraw a supply and demand curve for the iPhone 11. Apple announces that the iPhone 12 is coming out in 1 year, what happens to the supply or demand for iPhone 11s? Why?LGlve Ust O Hint Question 15 of 24 Check Answer The table shows the demand and supply for cocoa beans in two countries: Cameroon and Nigeria. Use the information in the table to answer the questions. Price ($) per pound (lb) of cocoa beans Price ($/lb) Cameroon quantity Cameroon quantity Nigeria quantity Nigeria quantity demanded (lb) supplied (lb) demanded (lb) supplied (Ib) 180 500 155 210 200 460 180 180 6. 250 410 200 160 5. 4 280 360 220 140 320 320 240 125 3 350 280 260 115 What would be the equilibrium price and quantity in Cameroon and Nigeria if free trade existed between the two countries? lb I quantity demanded, Cameroon: price, Cameroon: lb quantity demanded, Nigeria: price, Nigeria: %24 %24
- Explain the effects of the following statements to the equilibrium of supply and demand. Use supply-demand diagram also to best explain your answer/s. • The price of gasoline rises and the price of second hand cars falls when the war breaks out between Russia and Ukraine. • The price of tour packages falls when the typhoon season comes in our country. • The price of electricity rises throughout the country when El Niño wave hit our country.Write an examples of a product or service demanded in the United States by applying the theory of supply and demand. Aslo add diagram.Explain the shifts in demand and/or supply that can result in the following observations: (Assume the demand curve is downward sloping and the supply curve is upward sloping.) （In words, and graphic thanks） (a) Both price and quantity rise. (b) Price rises, quantity falls. (c) Price rises, quantity doesn't change. (d) Quantity rises, price doesn't change.
- DEMAND & SUPPLY EQUILIBIRUM Scenario 5 I choose Almarai company a. Use a numerical table and show the demand and supply equilibrium for your product. b. During COVID-19 what happened to the demand for your product? Draw the shift in the demand curve and show. By excel c. How will this change affect the equilibrium price and quantity of the good? Give reasons for your answers DWhat is the law of supply? A) As price increases, supply decreases B) As price decreases, supply increases C) As price increases, supply increases D) Supply is not related to price Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer I will give 10 dislikes and more from my friends accountSuppose the national institutes of health publishes a study finding that coffee drinking reduces the probability of getting colon cancer 1. How do you image this will affect the market of coffee? 2. Why 3, Which determinant of demand or supply is being affected? 4. How will the change of the equilibrium price and quantity of coffee? Explain your reasoning
