A learning organization
March 25, 2021Ontario apple market
March 25, 2021
- What happens in the identified market to either demand or supply when the following events take place? (Please do not over think this! – only one side will be impacted initially)
| Market |
Event |
Demand or Supply Issue |
Increase/Decrease or No Change |
Identify the factor/reason that is responsible for any change |
| Corn |
Buyers expect corn prices to rise next month |
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|
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| Ice Cream |
The government decides to charge a $0.25 ice cream tax to producers of ice cream |
|
|
|
| Oil |
New electrical engines are developed that decrease gas consumption by 40% (Gas is refined from oil) |
|
|
|
| Pears |
New research shows that eating an apple a day reduces cancer. |
|
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