Price, P (€); cost 5 4 2 1 O 0 T 40 Firm supply (marginal cost) 80 120 160 Quantity of loaves, Q 200 Price, P (€); cost 5 4 3 N 1 0+ 0 Market supply (marginal cost) 2,000 4,000 6,000 8,000 10,000 Quantity of loaves, Q

Question 1 For each of these situations for part a, b, c, answer what happens to the list below. (increase, decrease, no change) with all other things constant. In addition draw the necessary Demand and Supply graph and show the shifts. Label all points on the graphs clearly. State for each market below what happens to: demand, supply, equilibrium price, equilibrium quantity, Quantity Demanded, Quantity Supplied How will a decrease in supply of Coffee affect the market for Coffee and Tea market? Assume substitute products. You need to show two markets, with two sets of the list. ? How will an increase in cost of plastic used in making toys affect the market for toys? How will the increase' Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Suppose that there are two companies that produce mobile phones: Brand A and Brand B. Explain how each of the following events will affect the market for Brand A phones by using supply and demand diagrams (mention the changes in equilibrium price and quantity): a) Price of Brand B phones increased. b) Brand A's factory's production capacity dropped because of a shortage in raw materials supplies. c) Brand A has developed a new technology that allows to assemble the phone's components in a cheaper way.

Which of the following does NOT cause a shift in demand? O change in the price of a related good - substitutes or complements O change in tastes and preferences O change in income O change in the price of the good