(Answered) Assignmenteconomics discussionquotsupply and demandquot

Economics

Assignment

ECONOMICS DISCUSSION

"Supply and Demand" Please respond to the following:

Consider the scenario for Katrina's Candies:

To watch the video, click or image above or this link: https://www.youtube.com/watch?

What are the key factors that affect the demand for Katrina's Candies?

What are the key factors that affect the supply of Katrina's Candies?

The graph below represents two demand curves for Katrina's Candies.

Does the movement from point A to point B represent a "change in demand" or a "change in the quantity demanded"? What could have brought about this change?

Does the movement from point A to point C represent a "change in demand" or a "change in the quantity demanded"? What could have brought about this change?

Why is it important to be able to distinction a "change in demand" from a "change in the quantity demanded"?

For chart details, click on this link: http://www.indexmundi.com/commodities/?-beans

Supplemental Resources

https://www.youtube.com/watch?&
https://www.youtube.com/watch?&

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