Graph the following a. Flood destroys the rice crops. Demand remains constant. Show effects on market price and supply b. Corn grains are imported. Demand remains the same. Show effects on market price and supply c. People of town X move to town Y. Supply in town X remains the same. Show effects on market price and demand in the former
Graph the following a. Flood destroys the rice crops. Demand remains constant. Show effects on market price and supply b. Corn grains are imported. Demand remains the same. Show effects on market price and supply c. People of town X move to town Y. Supply in town X remains the same. Show effects on market price and demand in the former
Chapter3: The Market And Price System
Section: Chapter Questions
Problem 1E
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Question
Graph the following
a. Flood destroys the rice crops. Demand remains constant. Show effects on market price and supply
b. Corn grains are imported. Demand remains the same. Show effects on market price and supply
c. People of town X move to town Y. Supply in town X remains the same. Show effects on market price and demand in the former
d. Market price of palay is Pl5/kilo, Government increases it to P20/kilo. Show effects
e. A bountiful harvest of rice in the latest harvest season. With demand remaining the same show effects on market price and supply curve.
NOTE: PLEASE DON’T DO IT IN HAND-WRITTEN.
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