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In: Economics

Explain the effects of each situation below on the market demand and supply using suitable diagrams....

Explain the effects of each situation below on the market demand and supply using suitable diagrams.

a. A new skirt design which increases the preferences for the Asshanas clothing brand among teenagers.​​
b. A government reduce the import rate on the supply of meat from New Zealand.
c. The decrease in price of chicken feed and hos this affects the chicken market.
d. The effects of the Goods and Services Tax (GST) on smartphone purchases.

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Rahul Sunny answered 2 years ago
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