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 The Department of Energy announced Sunday evening that there is a 15-day price freeze for household LPG and kerosene in the entire province of Cavite after the local government placed the province under state of calamity due to Super Typhoon Rolly Phil News Agency, Nov. 2, 2020)
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
The Department of Energy announced Sunday evening that there is a 15-day price freeze for household LPG and kerosene in the entire province of Cavite after the local government placed the province under state of calamity due to Super Typhoon Rolly Phil News Agency, Nov. 2, 2020)
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