Question

Market SHOCKS -- news article

Click & read following news article

Students sickened after eating Kangaroo meat introduced at school meals!

"Some students at a Nebraska high school and junior high may have fallen ill after consuming chili with kangaroo meat mixed in last week. News reports broke that the mystery meat in the chili served at Potter Dix High School and Junion High was kanagroo meat. The school’s head cook, Kevin Frei, said that he had added in the kangaroo meat for its nutritional value and because it’s a lean cut."

Then use Graph below showing MARKET FOR: KANGAROO MEAT. On the graph, SHOW (draw) the correct shift in Demand or Supply based on the news article. Also - tell the change in Price & Quantity (with Arrows, Up or Down) below the Graph #22:

Price S, Cost D, value Quantity

P: _____    Q: _____

Market SHOCKS -- news article.      

Read the following news article

Rains mean good news for Orange Farmers!

FRESNO, Calif. (KFSN) -- The more rain the better! Fresno County Farm Bureau CEO Ryan Jacobson says - we're off to a good start!

"We've had some very good totals up and down the valley and most importantly we've had some very good precipitation up in the mountains so we love this," said Jacobson. He said the rain during November is a positive sign. This year's water season total was slightly higher than anticipated, all it takes is a few strong rains to make a great year.

"Precipitation here in the Central Valley is made by five to seven storms that come in... If we can continue this throughout the next three to four months, it will put us in really great shape!" he said.

Citrus fruit can be damaged by cold temperatures but Alyssa Houtby of California Citrus Mutual said as long as they stay above 30 degrees they're not worried: "It is actually a good temperature to be at now, especially for our heartier varieties such as navel oranges, lemons," said Houtby. "It actually helps bring out the color of the fruit and the flavor!"

Use Graph below - showing  MARKET FOR:  ORANGES & LEMONS. On graph, please SHOW (draw) the correct shift in Demand or Supply based on news article. Also - tell the change in Price & Quantity  (with Arrows, Up or Down) below the Graph #23:

Price S, Cost D, value Quantity

P: _____    Q: _____

Market SHOCKS -- news article.      

Read following news article

Eating Organic Strawberries helps stop Cancer!

"Strawberries are a summertime favorite, but research shows these berries may be delivering even more than meets the eye. Berries have been studied extensivelyh for their cancer-fighting abilities. Swedish researchers have found that extract from organic strawberries is effective at stopping the growth of cancer cells. The study found extracts from organically-grown strawberries halted cancer cell proliferation!"

Then use Graph below showing MARKET FOR:  ORGANIC STRAWBERRIES. On the graph, please SHOW (draw) the correct shift in Demand or Supply based on news article. Also - tell the change in Price & Quantity predicted (with Arrows, Up or Down) below the Graph #24:

Price S, Cost D, value Quantity

P: _____    Q: _____

  

Answer 1

Kangaroo meat:

Price decreases and Quantity decreases

Oranges and Lemons:

Price decreases and Quantity increases

Organic Strawberries:

Price increases and Quantity increases