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https://www.wsj.com/articles/manufacturers-could-soon-face-demand-woes-on-top-of-supply-chain-snarls-11651511557 Based on the information inthearticle,drawasupply anddemandgraph thatillustrateswhatishappeninginthe market for new cars (demand remains strong) and appliances (demand starts to wane). Make sure to label
https://www.wsj.com/articles/manufacturers-could-soon-face-demand-woes-on-top-of-supply-chain-snarls-11651511557
- Based on the information inthearticle,drawasupply anddemandgraph thatillustrateswhatishappeninginthe market for new cars (demand remains strong) and appliances (demand starts to wane). Make sure to label your graphs and briefly explain any shifting of curves and/or changes in prices and quantities.
- What will happen to the total revenue of car makers?What happenedtorevenueofcompanies in the food service sector, hotels and motels industry in the first quarter?Howdosupply elasticities and demand elasticities influence your answer?Explain. (You may assume that supply and demand are linear)
- Basedonyouranalysis,comparetheimpacts ofthissupply-chainissue and demand waningonthefollowing: consumers, firms, and workers in the appliances market.Who is impacted the most? (Think analytically about prices, quantities, and take into account any mitigating responses by the affected groups.)
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