Suppose the price of songs on itunes falls

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For each of the following situations. Use demand and supply to show how the specified market will be affected. Graph completely . State if price and quantity increase or decrease

a) Suppose the price of songs on iTunes falls by 20%. Show how the iPod market will be affected.

B) Suppose that apples are found to contain a carcinogen. Show the effect of this situation on the market for oranges

c) Suppose that excellent weather produces a great growing season for agricultural products. Show the effect of this situation on the market for potatoes.

Reference no: EM132275849

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