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Note: The graph should be digitalized. Thank you in advance! IDEA BUILDER For each scenario, do the following: a. Through a graph, illustrate if there
Note: The graph should be digitalized. Thank you in advance!
IDEA BUILDER For each scenario, do the following: a. Through a graph, illustrate if there is a change in either quantity demanded or in demand. b. Determine and explain which determinant of demand caused the shift. Scenario Graph Determinant of Demand / Quantity Demanded 1. The price of flour used in bakeries is expected to increase next week. What will happen to the demand or quantity demanded? 2. Coffee Frappe's price increased. What will happen to its demand or quantity demanded? 3. There is a newly implemented wage hike. What might happen to the demand or quantity demanded for rice?4. The price of loaf bread increases. What might happen to the demand or quantity demanded for peanut butter? 5. The current trend in the market is a healthy lifestyle. What could happen to the demand or quantity demanded for olive oil versus corn oilStep by Step Solution
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