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1. Read carefully each of the following economic situations and work them separately:

A. In Puerto Rico, a health problem associated with a coronavirus has been unleashed. As a result of the situation, the number of consumers wanting to purchase hand sanitizer has increased in that season.

B. Following a recent atmospheric phenomenon, a large amount of the fruit crop was destroyed simultaneously with the arrival of the high season of gastronomic events.

C. The costs associated with the consumption of electricity in the production process have been reduced considerably, together with the entry into the market of 10 new companies dedicated to food production.

2. For each situation, i need graph where represent the intersection of the demand and supply curves to establish the equilibrium point, the price and the quantity of the initial equilibrium.

3. Identify the curves you must move to find the equilibrium point, the price, and the quantity of the final equilibrium when compared to the initial equilibrium.

4. After making the graphs, you should evaluate each situation in terms of:

A. The effect on demand (increases or decreases)

B. The effect on supply (increases or decreases)

C. The effect on the equilibrium price and quantity (increases or decreases)