Hawai'i Maui Papaya (thousand tons) 3.0 Papaya (thousand tons) O 0.0 2 3 0 2 Coffee (thousand tons) Coffee (thousand tons)In the following situation, briefly
Hawai'i Maui Papaya (thousand tons) 3.0 Papaya (thousand tons) O 0.0 2 3 0 2 Coffee (thousand tons) Coffee (thousand tons)In the following situation, briefly describe what happens to (1) supply, (2) demand, (3) quantity, and (4) price in each market indicated. If one or more of these things do not change, be sure to note that, too. Rapid technological improvements in hydraulic fracturing (aka "fracking") greatly lowers the cost of extracting natural gas. Note that natural gas is used for heating as well as electricity generation. Consider what happens to (a) the market for natural gas; (b) the market for electricity; (c) the market for coal (also used in electricity generation)
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