Factors affecting demand
Problem: Using the natural gas business as an example, can you please help me describe the major factors affecting demand and discuss the major competitors (other suppliers)?
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Complete the following operations in Microsoft Excel to complete the supply/demand analysis for Sunbest Orange Juice. The spreadsheet has been set up and the first half of each section has been completed.
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Question 1: Graph the demand and supply curves. What is the equilibrium price and quantity in this market? Question 2: If the actual price in this market were above the equilibrium price, what would drive the market toward the equilibrium?
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Explain how the quantity of a good you buy is affected by changes in the prices of (a) substitute goods and (b) complementary goods.
Discuss how each of the following will affect the price and quantity of equilibrium. To determine the new values, discuss how the supply and/or demand curves will shift in the following cases (if at all). 1. Income diminishes and the good is a nor
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