Reference no: EM133711273

Question: Please click above to enter and submit assignment Supply and Demand For each of the events listed here I. Identify which of the determinants of demand or supply are affected Il. Indicate whether demand or supply increases or decreases. Consider the market for diapers. 1. People decide to have more babies. 2. A strike by diaper workers raises costs 3. Engineers develop new automated machinery for the production of diapers 4. The price of cloth diaper services rises 5. A stock market crash lowers peoples wealth 2. For each of the events listed here, identify I. which of the determinants of demand or supply are affected Il. indicate whether demand or supply increases or decreases on the market for sweatshirts. 1. Hurricane damages the cotton crop 2. The price of leather jackets fall 3. All colleges require morning exercise in appropriate attire 4. New knitting machines are invented 3. Consider the following events: Scientists reveal that consumption of oranges decreases the risk of diabetes and, at the same time, farmers use a new fertilizer that makes orange trees more productive. Explain what effect these changes have on the equilibrium price and quantity of oranges