1. There are many market disruptions in the news today. (If you get stuck, on the last slide of the PowerPoint, I've given you 2 examples.) Choose any disruptor in the news and, (a) summarize the disruption (b) given this disruption, what happens to the market equilibrium price and quantity? (c) what are the repercussions in the market as a result of this disruption? (d) is this disruption an example of a price ceiling or price floor? Explain

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Lets break down each part of your question a Summarize the disruption Lets consider the disruption c... View the full answer