Draw the effects of the changes in terms of relevant supply

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Reference no: EM131442869

Question: Beginning from an initial equilibrium, draw the effects of the changes in the following list in terms of the relevant supply and demand curves.

a. an increase in the price of hot dogs on the hamburger market

b. a decrease in the number of taxicab companies in New York City on cab trips

c. effect of El Niño rain storms destroying the broccoli crop in two California counties

Reference no: EM131442869

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