Farmers are deciding what corp to plant and learn that the price of garlic has risen dramatically relative to the price of onion. Suppose that garlic and onion can be produced by using almost the same resources. Predict the effect on the onioj market

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A:

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A: The answer is given below

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Q: Exhibit above the equilibrium price and quantity in the market are:

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A: Answer to the question is as follows:

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A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

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Q: What is the market equilibr

A: What is the market equilibrium price and quantity ?

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A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

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A: Price has an inverse relationship with quantity demanded.

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Q: Define the equilibrium of a market.  Describe the forces that move a market toward its equilibrium.

A: Equilibrium of a market :- Equilibrium is the point where supply and demand  are equal to each…

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