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Consider the market for roses. For each part of a question use a supply and demand diagram to clearly indicate what each event has on

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Consider the market for roses. For each part of a question use a supply and demand diagram to clearly indicate what each event has on the equilibrium price and quantity of roses. Be sure to include both the supply and the demand curve. Failure to do so will result in a loss of points! Each part of the question is worth 2 points. a. An alien invasion from another planet lands on Earth. The resulting panic causes a recession, which reduces people's income and roses are a normal good. Show the impact this has on the supply and demand for roses. b. Fear regarding the alien invasion dies down and the recession ends. Now Valentine's Day is upon us, and people buy their significant other roses to celebrate. Show the impact this has on the supply and demand for roses. c. Forrest Gump and the army of Oz decide to fight the aliens. As a result of the fighting, numerous greenhouses are destroyed, making it more difficult to grow roses. Show the impact this has on the supply and demand for roses

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