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.

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A: Dependent demand refers to the demand for component parts, raw materials, or sub-assemblies.

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A: The plotted demand(dd) curve:

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A: Supply curve is upward sloping showing positive relationship between price and quantity supplied.

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A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

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A: Hi! thanks for the question but as per the guidelines we answer only three parts of a question at…

Q: 21. Correctly label the x-axis and y-axis with the terms price and quantity. 22. Assign values for…

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Q: nited States.

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A: quantity demanded has an inverse relationship with the price level.

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