Question 4 Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply, price and quantity Scenario 1: Market for 21 ft Ladders Radis LADDER 21-FOOT RENTALS BORDER FENCE OPD Impact on demand Choose. Impact on supply Choose. Impact on price Choose.. Impact on quantity Choose.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Good day can you please help me with the answers for impact on:

Demand 

Supply

Price

Quantity

I have also screenshot the option I have to chose from. 

Question 4
Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply,
price and quantity
Scenario 1:
Market for 21 ft Ladders
$21 FOOT
LADDER
RENTALS
BORDER
FONCE
SCON
Impact on demand Choose.
Impact on supply
Choose..
Impact on price
Choose.
Impact on quantity Choose.
Transcribed Image Text:Question 4 Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply, price and quantity Scenario 1: Market for 21 ft Ladders $21 FOOT LADDER RENTALS BORDER FONCE SCON Impact on demand Choose. Impact on supply Choose.. Impact on price Choose. Impact on quantity Choose.
Question 4
Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply,
price and quantity
Scenario 1:
Choose.
Excess demand
Market for 21 ft Lad
Excess supply
Shift outwards / to right
Shift Inwards / to left
Change in price uncertain
Change in quantity uncertain
Increase equilibrium quantity
BORDER
FENCE
Decrease towards equilibrium
No Impact
Increase equilibrium price
Decrease equilibrium price
Decrease equilibrium quantity
Increase towards equilibrium
Impact on demand Choose.
Impact on supply
Choose.
Impact on price
Choose.
Impact on quantity Choose..
Transcribed Image Text:Question 4 Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply, price and quantity Scenario 1: Choose. Excess demand Market for 21 ft Lad Excess supply Shift outwards / to right Shift Inwards / to left Change in price uncertain Change in quantity uncertain Increase equilibrium quantity BORDER FENCE Decrease towards equilibrium No Impact Increase equilibrium price Decrease equilibrium price Decrease equilibrium quantity Increase towards equilibrium Impact on demand Choose. Impact on supply Choose. Impact on price Choose. Impact on quantity Choose..
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