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Economics

Use supply and demand curves to analyze increase/decrease for the following scenarios? i) shift ii) movement iii) equilibrium price iv) equilibrium quantity

1) Coffee prices soar due to a shortage of coffee beans. Market: Donuts

2) In the summer of 1996, many people watched the Atlanta Summer Olympics on NBC instead of going to the movies. At the same time, thinking that summertime is the peak season for movies, Hollywood released a record number of movies. Market: movie tickets.

3) Prices for next year are forecasted to rise significantly. Market: new automobiles

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91386902

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