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Show effects on market price and supply curve

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Reference no: EM133170357

Graph the following:

a. Flood destroys the rice crops. Demand remains constant. Show effects on market price and supply.

b. Corn grains are imported. Demand remains the same. Show effects on market price and supply.

c. People of town X move to town Y. Supply in town X remains the same. Show effects on market price and demand in the former.

d. Market price of palay is P15/kilo. Government increases it to P20/kilo. Show effects.

e. A bountiful harvest of rice in the latest harvest season. With demand remaining the same show effects on market price and supply curve.

Reference no: EM133170357

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