The Pearl Exchange
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Last updated over 2 years ago
4 questions
1
What happened to demand or supply of pearls when the virus hit?
What happened to demand or supply of pearls when the virus hit?
1
What happened to price and quantity? Draw supply and demand curves, including new supply or demand curves if necessary.
What happened to price and quantity? Draw supply and demand curves, including new supply or demand curves if necessary.
1
If the price stays at the original Eq, which would be greater? QD or QS? Draw the shifted curves again, label Qd and Qs, and and circle the answer.
If the price stays at the original Eq, which would be greater? QD or QS? Draw the shifted curves again, label Qd and Qs, and and circle the answer.
1
Who competed in this situation and affected the price?
Who competed in this situation and affected the price?