Question: Hi sir/madam I am learning basic eonomic, and learn doing one home work D iagram the effects of the following events on the supply and/or

Hi sir/madam

I am learning basic eonomic, and learn doing one home work

Diagram the effects of the following events on the supply and/or demand for raisin bran Cereal and change in price and quantity of the good. Add assumption(s) if you think it is necessary to justify your answers.

(Note. You have to show effects of each case in a separate diagram)

(A)The price of raisins increases.

(B)The price of milk decreases.

(C)The price of corn flakes decreases.

(D)Drought kills off much of the nation's wheat crop.

(E)Researchers find that bran makes you live longer.

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