What would happen to the equilibrium price and quantity for automobiles if a war shut down production of several automotive companies in the region? Explain and illustrate with a correctly-labeled graph.

A false rumor that a precious metal necessary to make smartphones will soon be in desperately-short supply spreads among consumers. How will this affect the smartphone market? Explain and illustrate with a correctly-labeled graph.

A fungus wipes out a significant percentage of tomato crops worldwide. How might this affect the market for spaghetti noodles? Explain and illustrate with a correctly-labeled graph. (Note: Tomatoes are the chief ingredient in spaghetti sauce.)

With brick-and-mortar toy stores closing, board game manufacturers expect to have trouble finding as many consumers interested in their games. How will this affect the market for board games? Explain and illustrate with a correctly-labeled graph.

The lyrics of what proves to be the most popular song of the year mention a previously-obscure brand of jewelry. How would this affect the market for this brand? Explain and illustrate with a correctly-labeled graph.

How would a severe shortage of the phosphate necessary for fertilizer affect the market for produce (fruits and vegetables)? Explain and illustrate with a correctly-labeled graph.

If an online video streaming service significantly increased the cost of its monthly subscription rate, how would this affect the demand for its service? Explain and illustrate with a correctly-labeled graph.

Answer rating: 100% (QA)

answer the questions provided based on the scenarios given Equilibrium Price and Quantity for Automobiles if Production is Shut Down by War If a war s... View the full answer