ECN201_SNAVELYWK2Assignment.docx

ECN201_SNAVELYWK2Assignment.docx - Using the table for each...

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Using the table, for each line item and its associated column, describe how the market for each specific product will be affected by the associated event indicating whether it will rise, fall, or no change. For example, in the first line item for the market of corn, based upon the event of a severe drought, the price will either rise or fall or no change, demand curve will shift left (fall) or right (rise) or no change, supply curve will shift left (fall) or shift right (rise) or no change, quantity demanded will rise, fall, or no change, and quantity supplied will either rise, fall, or no
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  • Fall '09
  • Supply And Demand, Federal government of the United States, $11.00, $7.25, severe drought

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