Show in a diagram the effect on the demand curve, the supply curve, the equilibrium price, and the equilibrium quantity of each of the following scenarios. 1.The market for face masks in your country Scenario 1: The emergence of the COVID-19 pandemic. Scenario 2: An increase in the number of manufacturers of reusable masks. 2.The market for the iPhones Scenario 1: A new Samsung cellphone is released at a lower cost than the iPhone. Scenario 2: There is an increase in the price of iPhone accessories. 3.The market for blueberry muffins Scenario 1: More people become health conscious and realize the high sugar content of muffins. Scenario 2: The price of blueberries has increased
Show in a diagram the effect on the demand curve, the supply curve, the
1.The market for face masks in your country
Scenario 1: The emergence of the COVID-19 pandemic.
Scenario 2: An increase in the number of manufacturers of reusable masks.
2.The market for the iPhones
Scenario 1: A new Samsung cellphone is released at a lower cost than the iPhone.
Scenario 2: There is an increase in the price of iPhone accessories.
3.The market for blueberry muffins
Scenario 1: More people become health conscious and realize the high sugar content of muffins.
Scenario 2: The price of blueberries has increased
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