(Answered) For each market whose product is highlighted in bold

Management Studies

For each market whose product is highlighted in bold letters, sketch a graph showing the change in either demand or supply and the resulting change in equilibrium price and quantity (Start by drawing a demand supply equilibrium and then show the change). In each case, identify the demand or supply factor causing the shift.

a. Medical researchers discover that consumption of blueberries reduces the risk of cancer.

b. New automated equipment is introduced in the production of silicon chips.

c. A drop in the price of laptop computers influences the consumption of desktop computers.

d. Unusually cold weather in Central America harms the coffee harvest.

e. A rise in the price of wheat affects the production of barley.

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