(a) Market Demand: As more and more snack shops are opened in Hong Kong, the (1) Quote the given information, number of (2) identify the relevant factor increases / decreases affecting the market demand and leads to increases / decreases in demand for snacks sold condition, and (3) how the market demand of this by 759 Store. product is affected. Graphically, the demand curve of snacks sold by 759 Store What are the impacts on this shifts rightward / leftward in the diagram. Both its product? (4) its market demand curve equilibrium price and equilibrium quantity increase (5) its equilibrium price and decrease. (6) its equilibrium quantity (b) Market Supply: At the same time, 759 Store receives more bulk purchase (1) Quote the given information, (2) identify the relevant factor discount from wholesalers, there is an increase / a decrease affecting the market supply in the condition, and (3) how the market supply of this It leads to an increase / a decrease in supply of snacks sold by product is affected. 759 Store. What are the impacts on this Graphically, the supply curve of snacks sold by 759 Store shifts product? (4) its market supply curve, rightward / leftward in the diagram. (5) its equilibrium price and Its equilibrium price but the equilibrium (6) its equilibrium quantity quantity (c) Market Equilibrium To consider both factors together, the equilibrium price of To sum up the possible effects of both but the factors on the market outcomes --- snacks sold by 759 Store i.e. the equilibrium price and impact on the equilibrium quantity is equilibrium quantity. D => Qe => PeV 1 5 => Qet => PeV Qe ???; Pev "Uncertain" occurred when we try to consider the combined effects of changes of demand and supply at the same time. This makes the next step meaningful - LISTING the three possibilities LOGICALLY. This is the most important part of this simple economic