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Event studies For each of the following, use a supply and demand diagram to deduce the impact of the event on the stated market in
Event studies For each of the following, use a supply and demand diagram to deduce the impact of the event on the stated market in terms of both price and quantity. More specifically, explain what you think the impact of the event will be on the demand curve and the supply curve, and how you think the resulting market changes. (a) Event: Cold freeze in Florida. Market: Orange juice. (b) Event: Digital cameras. Market: Film (c) Event: The FDA announces that corn syrup may cause cancer. Market: Sugar. (d) Event: An import tariff is imposed on steel. Market: aluminum
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