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(Solved): The following are some real-world examples of scenarios that can happen in the marketplace. For eac ...
The following are some real-world examples of scenarios that can happen in the marketplace. For each scenario, identify whether it will be a shift in the demand curve, a movement along the demand curve, a shift in the supply curve, or a movement along the supply curve. Note: It will only be one of the four. How will this impact price and quantity demanded in the marketplace? Finally, pick a market reality that you are currently seeing and its impact on the supply or demand curve. Make sure total response equals 60-80 words. Respond to one peer with feedback on their market reality. Scenario #1: Consumers begin looking for healthier snack options. What will be the impact on apples? Scenario \( \# 2 \) : The price of new automobiles increases by \( 10 \% \) from the previous month. Scenario #3: The labor used to produce computers goes up significantly. What will be the impact on computers? Scenario #4: Apple realizes that customers are willing to pay \( 25 \% \) more for a new IPhone as we head into the summer months.
Introduction Here we are dealing with the changes in some factors make shift or movement along the demand or supply curve. Explanation 1. Suppose consumers begin looking for healthier snack options the demand for apples will decline. Because when the