The first step in conducting a Supply and Demand Analysis is identifying the Change in the World.  Also, look at the images for this problem.  The Change in the World is the A in the If A then B positive statement. Once the A has been determined, Supply and Demand Analysis can determine the B. In Burma the typhoon hit. Peoples homes and farms were destroyed. Pick which bold choices are correct. As result, The demand for corrugated roofing shifted left, the demand for corrugated roofing shifted left, The demand for nails increased or decreased, and the supply for food decreased or increased?

In each problem, you must explain the scenario’s effect on the market. If the quantity supplied or the quantity demanded changes, state how (increase or decrease). If instead, the scenario meets one of the criteria above, indicating there is a shift. If one of the curves shifts, state why and the direction it shifts (left or right). You should then state the effect on price (increase or decrease)..⦁   You are a wheat farmer. Locusts attack your wheat.                  ⦁   Price of gasoline goes up. You own a gas station.                  ⦁   The price of corn goes up. You normally plant soybeans.                     ⦁   The price of peanut butter goes up. You sell jelly.       ⦁   Your patent runs out on your popular and necessary drug.              ⦁   Amazon has picked your small town to be their new worldwide headquarters.        ⦁   The country is going into a recession. You sell jewelry.          ⦁   The price of TVs just decreased by 20%.                     ⦁   Your product was…

During the COVID 19 pandemic, the demand for personal protective equipment increased.  What adjustments would the market make as a result that would benefit the economy?   Group of answer choices   The price of personal protective equipment would fall because producers could not meet the demand at lower prices.   The price of personal protective equipment would rise, signaling to producers that more production was needed.   The price of personal protective equipment would rise, signaling to consumers that they should purchase less personal protective equipment.   The supply of personal protective equipment fell as production became more expensive.

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