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Economics

Using diagrams show what changes in price and quantity would be expected in the following markets under the scenarios given. Also say whether this represents a change in demand or a change in quantity demanded.

(a) Natural Gas: Fracking technology is improved allowing easier access to natural gas reserves.

(b) Rice: Reports surface about traces of arsenic (a poison) in rice.

(d) Soy sauce (complement to rice): Reports surface about traces of arsenic (a poison) in rice.

(e) Clothing: Labor costs for clothing manufacturers increase.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91273726

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