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A new flu vaccine is approved, what will happen to the
The equilibrium price is determined where the demand and supply are equal.
change in the equilibrium price occurs when there is a change in the supply.
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- how has the pandemic affected the supply and demand of agriculture products? describe brieflyHow to draw the market equilibrium quantity of the vaccine diagram?A medical reported that the consumption of this product has many health benefits Describe how does this would affect the market for the product.
- How can you relate the changes in vaccines to overall growth in the economy and the production possibilities curve?Considering Healthcare price elasticity, would it be a good idea to implement a price increase on medical products?If all consumers became vegetarians, what impacts would this have on the meat industry and animal population?