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- Help with Supply and Demand graph questionEnumerate some (a) advantages and (b) disadvantages of learning the concept of demand and concept of supply.Only typed answer and don't use chat gpt Suppose there is a market that is in equilibrium until there is a sudden decrease in supply. What happens to equilibrium price and equilibrium quantity? The equilibrium price decreases but the equilibrium quantity increases. The equilibrium price increases but the equilibrium quantity decreases. The equilibrium price and equilibrium quantity increases. Both the equilibrium price and equilibrium quantity decreases.
- Explain about this graph related to price and quality of Pepsi Industry and the quantity. A, B, C, D indicates?please, I need explanationQuestion: 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 disupvoteSuppose, suddenly the supply of mutton decreases due to unknown goat diseases.What would happen to the market of salad items? Would this event affect chutneymarket? Because of this decreased supply of mutton what would happen to the market ofKachchi biryanis, Morog Polaw, and chicken biryanis? Explain (in details) with relevantdiagrams/graphs
- Note: this is an economics question. *Was the shortage of hand sanitizer, masks and disinfectant products during the covid-19 pandemic due to supply or demand? *Explain.Problem The average of price of Guess bag is 45 KD, the average price of Louis Vuiton bag is 2500KD. Use the Supply and Demand to Analyze why the price of these two bags are different.Draw a supply and demand curve for peanut butter. The price of jelly rises significantly, what happens to the supply or demand for peanut butter? Why?
- IV. APPLICATION 2. A recent typhoon hit the Philippines where most of the raw materials are produced. What non-price determinants will affect the supply and in what way? How will it affect the country’s economy?a) What is the role of price in quantity demand & supply and what is the market equilibrium?b) What is system of linear equation and its possible solution method and types of solution set.Q2. The demand for tobacco is price inelastic. Suppose there is a drought that destroys a large portion of the tobacco crop. What will happen in the market for tobacco? Will the equilibrium price and quantity change? If so, how? What will happen to the total revenue earned by tobacco farmers? (GRAPH IS MANDATORY) (Explain IN 3-4 LINES ONLY) GRAPH