Question 2 and 3 1:291 GmailProject (F14): Demand and Supply ShiftsFor the following questions, please indicate graphically the effects of thespecified changes on supply and/or demand, and on equilibrium price andquantity exchanged:I1. The market for Chocolate: Valentine's Day.2. The market for rental housing in D.C.: house sales prices decrease.3. The market for health care: the over-65 population is expected toincrease by 20%, and the number of doctors who are willing to participaten managed care decreases.4. The market for hot dogs: decreased price of hot dog buns.5. Theadversely affects the peanut crop in Georgia.6. The market for dogs: a study in Geriatrics Today indicates that thecompanionship of pets increases longevity, and breeders (but notconsumers) correctly perceive that the future price of dogs will increase.7. The market for higher education: the teenage population drops andprofessors demand higher wages.8. The market for gold: expectations are that the future price of gold willincrease.9. The market for gold: the current price of gold increases.10. The market for tuna: the price of salmon increases, and a number offishermen leave the trade.11. The market for restaurants: the winter's weather discouraged folks fromgoing out to eat, and there is a decrease in the number of availablewaiters12. The market for history books: Oprah Winfrey's Book Club recommends aseries on American History, and ebooks decrease the publishing costs toalmost zero.13. The market for football tickets: after the controversial decisions of the NFLregarding domestic violence, women stop watching football.arket for peanut butter: the price of jelly increases, and the weather

The following cases of demand supply are explained below-

Day. 2. The market for rental housing in D.C.: house sales prices decrease. 3. The market for health care: the over-65 population is expected to increase by 20%, and the number of doctors who are willing to participate in managed care decreases.

Day. 2. The market for rental housing in D.C.: house sales prices decrease. 3. The market for health care: the over-65 population is expected to increase by 20%, and the number of doctors who are willing to participate in managed care decreases.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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