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- 1. Show the market for potatoes on a graph and show what will happen if there is a drought in Idaho (where a lot of potatoes are grown) b. On another graph, show what will happen in the market for potatoes if there is a drought in China (where, I presume, a lot of rice is grown).1. These are factors affecting the supply to increase and decrease, except one. A. Technology C. Producers Tastes B. Producer Preferences D. Consumer preferences 2. These are factors affecting the demand to increase and decrease, EXCEPT one. A. Raw materials C. Consumer Tastes B. Producer Preferences D. Price of related goodsc. Consider the demand for wheat illustrate the following scenario: A gluten free (wheat free) diet has become an increasingly popular fad diet. More people, now than ever, are eating a wheat - free diet. d. Consider the supply of cotton illustrate the following scenario: Government regulations cause the production of cotton to become more expensive per unit. Can you draw the graphs
- Discuss it in your own understanding and then give example each of the following: Consumer and Producer goods Demands Law of demand Utility and Demand2. ENUMERATE SOME COMPARISONS AND CONTRASTS OF THE CONCEPT OF DEMAND AND CONCEPT OF SUPPLY. Give 5 eachWhen you make a graph of a supply curve, what do you measure on the y-axis? How does Aqua's quantity supplied change as the price of bottled water rises?A graph of the supply curve measures the ____ on the y-axis, and when the price of bottled water rises, Aqua's quantity supplied _____.A. Price of the good; increasesB. quantiy supplied; increasesC. quantity supplied; does not changeD. price of the good; decreases
- Question: What is the law of supply and demand, and how does it influence prices and quantities in a market?Don't use chatgpt please provide valuable answer otherwise be ready for disupvotewill explain by means of a graph the concepts demand, supply and the equilibrium pointIllustrate the market for peanut butter when the scientists discovered that peanut butter is a good source of protein and vitamin B-6peanut.
- 4. Explain each key ingredients. (ii) There should be willingness to buy the product.1. use the theory of market( i.e demand and supply ) to expaln what is happening in each of the following scenarioQuestion 4 and pr If a website facilitates the sale of goods by individuals and businesses over the internet, but requires actual pho to be posted instead of a manufacturer's stock picture of the product, both the demand and supply of products shift due to the improved information. If supply shifts by more than demand, quantity will decrease, increase O increase, decrease increase, be indeterminate O decrease, be indeterminate