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S D- D 1 D 0 Quantity Pictured above is the market for Hamburgers. Assume the current demand curve is D2 and the current supply
S D- D 1 D 0 Quantity Pictured above is the market for Hamburgers. Assume the current demand curve is D2 and the current supply curve is $2. 1. What is the current equilibrium point? 2. Assume the cost of beef rises in the market, identify: 1. the resultine new demand 2. the resulting supply curve: 3. the new equilibrium point: 4. the impact of this on price: and 5. the impact of this on quantity. 3. Assume the price of chicken sandwiches rises in the market, identify: 1. the resultine new demand 2. the resulting supply curve; 3. the new equilibrium point; 4. the impact of this on price; and 5. the impact of this on quantity. 4. Both B and C happened in the market, identify: 1. the resultine new demand 2. the resulting supply curve; 3. the new equilibrium point; 4. the impact of this on price; and 5. the Impact of this on quantity. Parary
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