c) Assume that soccer becomes the national pastime, and attendance at professional soccer games exceeds attendance at professional baseball games. Soccer games Baseball games Soccer players Demand: 1-4 Demand: 1-4 Demand: 1-4 Supply: 1-4 Supply: 1- 4 Supply: Equilibrium T-4 price Equilibrium ↑ - price: Bquilibrium t- price: Equilibrium ↑- quantity: Bquilibrium t- quantity: *-4 Equilibrium quantity: 5. b) Recently, many consumers are beginning to become more environmentally conscience and are buying more locally grown foods, How might this affect the Ontario apple market? XI XI
c) Assume that soccer becomes the national pastime, and attendance at professional soccer games exceeds attendance at professional baseball games. Soccer games Baseball games Soccer players Demand: 1-4 Demand: 1-4 Demand: 1-4 Supply: 1-4 Supply: 1- 4 Supply: Equilibrium T-4 price Equilibrium ↑ - price: Bquilibrium t- price: Equilibrium ↑- quantity: Bquilibrium t- quantity: *-4 Equilibrium quantity: 5. b) Recently, many consumers are beginning to become more environmentally conscience and are buying more locally grown foods, How might this affect the Ontario apple market? XI XI
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
I want answer for C and 5)b

Transcribed Image Text:b) Assume that a heavy frost destroys half the world's coffe crop, and that people use more cream in their
coffee than they do in tea.
P.
Coffee
Tea
Cream
TO Nochange Demnd:
Demand:
Demand:
tO t Nochonge
TOL Nochange
Supply:
Supply:
Supply:
Equilibrium t
price:
Equilibrium (1)-
price:
Equilibrium ↑ )
price:
Equilibrium
quantity:
Equilibrium (1-t
quantity:
Equilibrium
quantity:
c) Assume that soccer becomes the national pastime, and attendance at professional soccer games exceeds
attendance at professional baseball games.
Soccer games
Baseball games
Soccer players
Demand:
Demand:
1-4
Demand:
1- 4
Supply:
1- 4
Supply:
Supply:
Equilibrium
price:
Equilibrium t-4
price:
1-4
Equilibrium
price:
1-4
Equilibrium
quantity:
Equilibrium
quantity:
1-4
Equilibrium
quantity:
5. b) Recently, many consumers are beginning to become more environmentally conscience and are buying
more locally grown foods, How might this affect the Ontario apple market?
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