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Cheaper Chicken Egg Prices, Announced Tomorrow Source: Daily News, December 5, 2022. Answer the following questions with the help of diagrams. 1. Describe the market

Cheaper Chicken Egg Prices, Announced Tomorrow Source: Daily News, December 5, 2022.

Answer the following questions with the help of diagrams.

1. Describe the market equilibrium process for chicken eggs.

2. Describe 1 (ONE) factor that affects the lack of supply and demand for chicken eggs.

3. Based on the factors given in (3), explain the effect of the lack of supply of chicken eggs on the price and market balance.

4. Assuming there are only 3 chicken egg producing firms in country A, derive the market supply curve for country A.

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