For each of the following articles below, analyze the impact of a change in demand or a change in supply or both (or it may not necessarily illustrate a change) on price equilibrium price, market price) for the good under consideration and draw the appropriate graph for each article. Use D., S.. P., and O. to symbolize initial demand, supply, equilibrium price and quantity respectively. Use D,, S., P., and Q, to represent the new demand, supply, equilibrium price and quantity respectively Metal prices also fell in carly 2020. The biggest declines were in copper and zinc, which are particularly associated with global economic activity Metal prices are projected to drop 13% overall in 2020 as slowing demand and the shutdown of key industries weigh heavily on the market. (WB, April 23. 2020)
For each of the following articles below, analyze the impact of a change in
Metal prices also fell in carly 2020. The biggest declines were in copper and zinc, which are particularly associated with global economic activity Metal prices are projected to drop 13% overall in 2020 as slowing demand and the shutdown of key industries weigh heavily on the market. (WB, April 23. 2020)
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