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Analyze the situations below and supply the correct answer in each column. Once completed, prepare a one-paragraph conclusion to your analyses.

Analyze the situations below and supply the correct answer in each column. Once completed, prepare a one-paragraph conclusion to your analyses.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Analyze the situations below and supply the correct answer in each column. Once completed, prepare a one-paragraph conclusion to your analyses. Column A: Which side is affected? Write D for demand and S for supply. Column B: Which of the non-price determinants affect demand or supply? Write: Non-price determinants of demand Non-price determinants of supply D1- Consumers' tastes S1 Resource prices D2- Number of buyers S2- Technology D3- Income S3- Taxes and subsidies D4 Prices of related goods S4- Prices of other goods D5- Consumer expectations 5- Producer expectations Column C: To which direction will the curve shift? Write < for left and > for right. Column D: What happens to the equilibrium price after the shift? Draw a smiling face, O, for an increase, and draw a sad face, , for a decrease. Column E: What happens to the equilibrium quantity after the shift? Draw a smiling face, 9, for an increase, and draw a sad face, 8, for a decrease. Lesson 2.3: Factors Affecting Demand and Supply E Student Sheet Applied Economics General Academic Strand | Accountancy, Business, and Management QuipperSchool PREMIUM Situation A. B Ice cream in summer. A famous fast food chain opened up a store in Saskatchewan, Canada. A famous shoe manufacturer uses their factory to create face masks. Malls during December. BFAR bans fishing in Sibuguey Bay, Sulu Sea and Basilan Strait for 3-months.
Transcribed Image Text:Analyze the situations below and supply the correct answer in each column. Once completed, prepare a one-paragraph conclusion to your analyses. Column A: Which side is affected? Write D for demand and S for supply. Column B: Which of the non-price determinants affect demand or supply? Write: Non-price determinants of demand Non-price determinants of supply D1- Consumers' tastes S1 Resource prices D2- Number of buyers S2- Technology D3- Income S3- Taxes and subsidies D4 Prices of related goods S4- Prices of other goods D5- Consumer expectations 5- Producer expectations Column C: To which direction will the curve shift? Write < for left and > for right. Column D: What happens to the equilibrium price after the shift? Draw a smiling face, O, for an increase, and draw a sad face, , for a decrease. Column E: What happens to the equilibrium quantity after the shift? Draw a smiling face, 9, for an increase, and draw a sad face, 8, for a decrease. Lesson 2.3: Factors Affecting Demand and Supply E Student Sheet Applied Economics General Academic Strand | Accountancy, Business, and Management QuipperSchool PREMIUM Situation A. B Ice cream in summer. A famous fast food chain opened up a store in Saskatchewan, Canada. A famous shoe manufacturer uses their factory to create face masks. Malls during December. BFAR bans fishing in Sibuguey Bay, Sulu Sea and Basilan Strait for 3-months.
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