Explain, with the aid of diagrams, how each of the following will affect the market for...
4. Explain the effect of each event on demand and supply in the specified market. Use a graph (or graphs) to show the effect on the equilibrium price and equilibrium quantity. [3 marks each] a) Early frost destroys a large percentage of the Canadian wheat crop. How does this affect the b) Scientists discover health benefits from drinking tea. How does this affect the market for coffee? c) The World Health Organization (WHO) announces that processed meat causes cancer. How...
macoroeconomics 1. Society as a whole faces opportunity costs because a. there is not enough money to go around b. politicians are greedy c. resources are scarce d. our needs are unlimited 2. Mary decides to spend 3 hours working overtime rather than watching a video with her friends. She earns $9 an hour. Her opportunity cost of working is: a. the enjoyment she would have received had she watched the video with friends. b. $27 she earns working c....
1. Which of the following is not considered a nutrient a Vitamin B. Water c.Carbohydrate (d) Alcohol e Mineral 2. For which of the following causes of death does a person's diet play a part? a. Lung disease (6) Cancer Chronic lower respiratory diseases d. Infections of the blood e AIDS 3. Researchers repeatedly report that people who consume a variety of foods such as fruits, vegetables, legumes, nuts, and whole grains have reduced risks of which of the following...