Business, 25.03.2021 18:10 ALEX33333

Using shifts in supply and demand curves, describe a change in the industry in which your firm operates. The change may arise from a change in costs, entry/ exit of firms, a change in consumer tastes, a change in the Macroeconomy, a change in interest rates, or a change in exchange rates. Label the axes, and state the geographics, product, and time dimensions of the demand and supply curves you are drawings. Explain what happened to industry price and quantity by making specific references to the demand and supply curves. If more than one change occurred, then decompose the change into smaller pieces so that your explanation has a step-by-step character to it. Describe how your company could profitably use the analysis.

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Using shifts in supply and demand curves, describe a change in the industry in which your firm opera...