(Answered) For each of the following draw supply and demand graph that

Management Studies

For each of the following, draw supply and demand graph that presents market for eggs in initial equilibrium, then illustrate the likely effects on the market for eggs (supply or demand) each of the following events. Indicate in each case the impact on equilibrium price and quantity. Label new equilibrium point, price and quantity and say what happened to the equilibrium price and quantity

a. A surgeon generals warns that high-cholesterol foods cause heart attacks

b. The price of bacon, a complementary product decreases.

c. An increase in the price of chicken feed occurs

d. Caesar salads become trendy at dinner parties. (The dressing in made with raw eggs)

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