Question: Questions Consider the three situations characterized by the following table Observers as Fraction Target as Fraction Situation of Original Demand of Original Supply A 3/4

Questions Consider the three situations characterized by the following table Observers

as Fraction Target as Fraction Situation of Original Demand of Original Supply

Questions Consider the three situations characterized by the following table Observers as Fraction Target as Fraction Situation of Original Demand of Original Supply A 3/4 3/4 B 1/4 1/4 C 1/2 1/4 For each of the three situations, determine the market equilibrium that would arise under boycott conditions. Give the quantities transacted by observing and non-observing buyers, and by target and non- target sellers. Drawing on your results, state the general principle which relates the effectiveness of a boycott to the observance fraction and the target fraction. "Effectiveness," in this context, means lowering the price to target sellers. Can you provide some intuition as well

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