In which of the following instances will the effect on equilibrium price be dependent on the magnitude of the shifts in supply and demand? Multiple Choice demand rises and supply falls equilibrium price will never be dependent on the magnitude of the shifts in supply and demand supply falls and demand remains constant supply rises and demand falls demand rises and supply rises

The table below is extracted from Goodland Republic Bureau of Statistics records for 2016 -2017. Use the information to answer the questions that follow.  Goodland Economy 2017 and 2018 Item Price 2017 Price 2018     Production Price per unit Production Price per unit Rice (000tons) 50000 1.5 55000 2 Wheat (000 tons) 100000 2 98000 2.5 Tractor mid size( units ) 50000 23000 45000 24500 Cotton (000 tons) 120000 100 110000 120 Used Cars (00) 5000 5000 6000 7000 Manufacture Garments (000 tons) 150000 50 145000 70 Eggs (000 trays) 2000 2.5 2300 3.5 Coca cola (000litres) 6000 0.8 6500 1.2 Pepsi cola (000 litres) 700 1.1 850 1.5 Beef (000 tons) 5000 6.5 4800 8.5 Second hand clothes (000 tons) 500 15 450 25 Alcoholic Beverages (000 litres) 500 3.25 600 3.75 Milk (000) 7000 2.3 7500 2.5  Examine the status of the economic welfare in Goodland Republic in 2018 based on your GDP deflator, nominal GDP and Real GDP. Also, explain the reasons why it is necessary to…

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apter 16 Problems LO ? eBook Refer the figure given below to answer the question. ¹2 Wage rate ($ per hour) 9 8 7 6 LD 5 Mc Graw Hill Type here to search 4 M 3 2 1 0 S₁ D 10 20 30 40 40 50 60 70 80 90 100 O ○ 발 Number of people employed (in millions) Tools 7 dropline 2 O **********