Question: Ceteris paribus, graphically represent and explain the impact on the market price and quantity of apples if the price of pears decreased by fifty percent.Assume

  1. Ceteris paribus, graphically represent and explain the impact on the market price and quantity of apples if the price of pears decreased by fifty percent.Assume both apples and pears are substitutes.
  2. Ceteris paribus, use demand and supply analysis to graphically illustrate and explain how an increase in the supply of sanitisers can still result in a rise in the market price of sanitisers.

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