1. Using general equilibrium analysis, and taking into account feedback effects, analyze the following: a. The likely effects of outbreaks of disease on chicken farms on the markets for chicken and beef. The effects of pandemics on demand for air travel to major tourist destinations such as European countries, and on the hotel rooms in those destinations. b. Illustrate diagrammatically.

1. Using general equilibrium analysis, and taking into account feedback effects, analyze the following: a. The likely effects of outbreaks of disease on chicken farms on the markets for chicken and beef. The effects of pandemics on demand for air travel to major tourist destinations such as European countries, and on the hotel rooms in those destinations. b. Illustrate diagrammatically.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter1: The Art And Science Of Economic Analysis

Section: Chapter Questions

Problem 2.2P

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