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choose a particular product or service and do a similar analysis and present the expected outcome....

choose a particular product or service and do a similar analysis and present the expected outcome.

Demand side shocks

a) Chose a market for a particular good or service.

b)Briefly describe the changes or shocks (supply side and

demand side).

C)Explain which curve shifts to which direction.

D)Summarize the expected impact of these changes on the

equilibrium price (P*) and quantity (Q*). Then another studentwill respond and comment on the previous student’s answer.Please keep it short.

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