What will happen to the market for bananas

Reference no: EM133552585

a) Using the demand and supply analysis, illustrate the graph and explain what might happen to the equilibrium price and equilibrium quantity in the following events: i. TikTok promotes a lot of video advertisements on car dashcams. What will happen to the market for dashcams? (5 Marks) ii. Honda and Perodua are substitutes. What happens to the market for Honda's cars, if the price of Honda cars increases? (5 Marks) iii. Farmers improve their farming system by applying new technology to their banana production. What will happen to the market for bananas? (5 Marks) iv. Eggs are one of the ingredients to make a cake. If the price of eggs rises, what happens to the market for cakes? (5 Marks)

Reference no: EM133552585

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