VI. Draw and label a graph that explains the relevant market dynamics(changes). Assume that each situation...

 

 

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VI. Draw and label a graph that explains the relevant market dynamics(changes). Assume that each situation begins in equilibrium. One curve may shift, both curves may shift, and/or one or both curves may shift more than once. 19. In the peanut market, new technologies are developed to harvest peanuts more efficiently, while at the same time, demand almost doubles as a result of a new report linking peanut consumption to improved muscle tone. 20. In the grocery market, with the development of housing on land that previously belonged to the U.S. Navy, the population of Glenview has increased by about 25%. At the same time, the trucking industry has cut its transportation fees.. 21. In the market for tea, recent world-wide flooding has destroyed nearly half of the world's coffee crop. At the same time, the cost of labor used to produce tea bags has nearly doubled as a result of recent contract negotiations between management and the Union of Tea workers. VI. Draw and label a graph that explains the relevant market dynamics(changes). Assume that each situation begins in equilibrium. One curve may shift, both curves may shift, and/or one or both curves may shift more than once. 19. In the peanut market, new technologies are developed to harvest peanuts more efficiently, while at the same time, demand almost doubles as a result of a new report linking peanut consumption to improved muscle tone. 20. In the grocery market, with the development of housing on land that previously belonged to the U.S. Navy, the population of Glenview has increased by about 25%. At the same time, the trucking industry has cut its transportation fees.. 21. In the market for tea, recent world-wide flooding has destroyed nearly half of the world's coffee crop. At the same time, the cost of labor used to produce tea bags has nearly doubled as a result of recent contract negotiations between management and the Union of Tea workers.