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Please do the following problem!

problem 1: Determine diagrammatically and describe how the market for organic grown eggplants will be affected if the cost of natural fertilizer increases.

problem 2: Determine diagrammatically and describe how the market for air conditioner will be affected by an unusually hot summer.

problem 3: Determine diagrammatically and describe how the market for restaurant dining will be affected if average individual incomes decreases.

problem 4: Determine diagrammatically and describe how the market for eggs will be affected if, as a result of training, egg packaging workers can now pack more eggs in filler trays per hour.

problem 5: Determine diagrammatically and describe how the market for Alaskan king crab will be affected if, at the same time that medical reports confirm that suspected health benefits from consumption of Alaskan king crab meat, wages are increased for trawler men

problem 6: Determine diagrammatically and describe how the market for DVD rentals will be affected in a city if, following an increase in the number of such stores, the price of renting movies on demand over the internet is decreased.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9649

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