Find out the supply and demand analysis

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1. Graphically show using supply and demand analysis the following situations (Note, only one shift per graph).

a. The market for Ramen Noodles during a period of income reduction.

b. The market for t-shirts if the price of cotton rises.

c. The market for pizza after a successful advertising campaign changes people's preferences where they want pizza for dinner more often.

d. The market for Samsung Galaxy phones after miniaturization technology simplifies the production process.

e. Assume people only eat two types of meat, chicken and steak. Show the affect in the market for chicken when the price of beef falls.

Reference no: EM132639041

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