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Discuss the spot market and its spread
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- Select and name a market of any well-known product , draw its market diagram, state and name four different factors that might cause changes in equilibrium price and quantity.What happens in the market for beach towels,now that the season is over? Graph and explainHow does the number of sellers in the market increase?
- The price of wheat increases. What happens in the market for wheat?The table on the right shows the demand and supply schedules for sandwichesDraw the supply and demand graph in equilibrium for a single market. Identify the equilibrium price and quantity. Make sure to label the axis as well as the curves.
- WHEN DO YOU SAY THAT THERE IS EXCESS SUPPLY FOR A COMMODITY IN THE MARKET?vSuppose that supply and demand for a certain commodity are described by the supply curve, p=0.0001q+0.005 , and demand curve, p=-0.002q+62.00 . Determine the quantity of the commodity that will be produced and the selling price.How does the equilibrium price and quantity change when here are bad rumors about a product? Are there any changes or none? Provide a graph of your answer