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Australian bees are currently the only ones in the world not infected with the Varroa Mite. The Varroa Mite is a parasitic mite capable
Australian bees are currently the only ones in the world not infected with the Varroa Mite. The Varroa Mite is a parasitic mite capable of destroying an entire bee colony. Answer the following questions: a. If the Australian bee population were to become infected with the Varroa Mite, what would be the resulting impact on the honey supply curve? Type U for unknown, L for shift left. R for shift right, N for no effect. b. Medical experts revealed that honey could maintain higher glycogen levels to promote better health and exercise recovery. Compared to the market equilibrium price prior to any infestation of the Varroa Mite, what would be the resulting market price? Type H for higher, S for the same, L for lower, U for unknown. c. Consider the effect of the Varroa Mite severely impacts honey production, destroying up to 90% of hives in Australia. At the same time, consider a small proportion of Australian athletes decide to increase their honey consumption. What would be the impact on the resulting new equilibrium quantity of honey consumed (compared to the original quantity before these two impacts)? Type H for higher, S for the same, L for lower, U for unknown.
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