1 Using an appropriate demand and supply diagram, explain the impact on the market price and quantity traded in each of the following cases: d) The market for Samsung digital cameras following new technologies that improve productivity in its factories. a) The market for air travel following the imposition of higher fuel taxes. b) The market for Pepsi Cola following a fall in the price of Coca-Cola. 51 5 c) The market for sushi following a successful marketing campaign promoting the health benefits from eating rice and raw fish.
1 Using an appropriate demand and supply diagram, explain the impact on the market price and quantity traded in each of the following cases: d) The market for Samsung digital cameras following new technologies that improve productivity in its factories. a) The market for air travel following the imposition of higher fuel taxes. b) The market for Pepsi Cola following a fall in the price of Coca-Cola. 51 5 c) The market for sushi following a successful marketing campaign promoting the health benefits from eating rice and raw fish.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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1 Using an appropriate demand and supply diagram, explain the impact on the market price and quantity traded in each of the following cases:
d) The market for Samsung digital cameras following new technologies that improve productivity in its factories.
a) The market for air travel following the imposition of higher fuel taxes.
b) The market for Pepsi Cola following a fall in the price of Coca-Cola.
51
5
c) The market for sushi following a successful marketing campaign promoting the health benefits from eating rice and raw fish.
[5}
d) The market for Samsung digital cameras following new technologies that improve productivity in its factories.
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