A market analyst asks for your help to forecast changes in different markets. The market analyst would like you to look at the following markets; a) Traditional action figures (toys), b) Tools for potting and caring for plants, c) Exotic fruits, d) Camping equipment. When conducting research related to the relevant markets the following articles appear to given strong indication of relevant market changes: Children are playing less with traditional toys and more on electronic devices; Tending to plants became a popular hobby for many during national lockdowns, a hobby that people have continued; There are numerous reports and articles citing excellent health benefits for exotic fruits; There is a disruption to the supply chains for supermarkets particularly with imported fruits and vegetables; There is an increase in popularity for camping as alternative to expensive holidays. There are increases in the number of providers of camping equipment. Given the above noted articles, consider how they may affect the market price and quantity of the markets that you are reviewing. Ensure that you use supply and demand diagrams to support your answers, (10 marks) Question 4 State whether the following statements are correct or not and briefly explain why A. Diseconomies of scale justify horizontal expansion of firms into unrelated fields. B. Economies of scale lead to a downward sloping marginal cost curve C. Elasticity of demand remains constant throughout the product cycle. (10 marks) Focus 15:3 06/07/2029 delete home end insert