Question: Exploring Parameter Sensitivity Task: Choose a simple economic model, such as the supply and demand model. Identify at least three key parameters in the model

Exploring Parameter Sensitivity

Task: Choose a simple economic model, such as the supply and demand model. Identify at least three key parameters in the model and perform a sensitivity analysis by varying these parameters one at a time for a coffee shop. Observe and document how changes in each parameter affect the equilibrium price and quantity. explain it propperly with help of table

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