Consider the following graphs for the market of corn. a. For EACH of the graphs, suggest...

  

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Consider the following graphs for the market of corn. a. For EACH of the graphs, suggest a reason for which the curve shifts have occurred. Grade is allocated for innovative and original ideas. (1x4 = 4 marks) For EACH of the graphs, identify if there is a change in quantity demanded, change in quantity supplied, change in demand and a change in supply. (1x4 = 4 marks) b. 0 P 0 P D₁ S₁ D₂ D S2 (A) S₁ S (C) D₂ -D₁ P P D 52 S₁ 52 XX S₂ S₁ D 0 Q0 D2 D₁ (B) S (D) -D₁ 010 Q Consider the following graphs for the market of corn. a. For EACH of the graphs, suggest a reason for which the curve shifts have occurred. Grade is allocated for innovative and original ideas. (1x4 = 4 marks) For EACH of the graphs, identify if there is a change in quantity demanded, change in quantity supplied, change in demand and a change in supply. (1x4 = 4 marks) b. 0 P 0 P D₁ S₁ D₂ D S2 (A) S₁ S (C) D₂ -D₁ P P D 52 S₁ 52 XX S₂ S₁ D 0 Q0 D2 D₁ (B) S (D) -D₁ 010 Q

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a i The rightward shifting of demand curve might be because of increase in the ... View the full answer