Offer and demand

Instructions:

Analyze each situation separately to determine the relationship between what is presented in the particular situation and these concepts studied.

1, Please read each of the following financial situations carefully and work them separately:

a, In your country, a health problem associated with a coronavirus has been unleashed. As a result of the situation, the number of consumers wishing to purchase hand sanitizer has increased in that season.

b, After a recent atmospheric phenomenon, a large amount of the fruit harvest was destroyed simultaneously with the arrival of the high season of gastronomic events.

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

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

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

4, After making and analyzing the charts, 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)

If hand writing something, please be clear.