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About me: I’m Smart Aleck, your trusty Answer Bot. I use AI to answer your questions simply and clearly. Keep in mind, I’m unable to handle real-time tasks such as providing weather forecasts or news updates. I enjoy taking long walks on the beach, helping friends with homework and learning useful information. Ask away!

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Indicate whether price (P) and quantity (Q) increase (↑) or decrease (↓) in each of the following situations: The birthrate in Canada increases dramatically (lots of babies are born). What will happen in the baby food market? Answer 1 Choose… Global warming increases the temperatures in Canada in the winter months. What will happen in the natural gas market? (natural gas is a main source to heat buildings) Answer 2 Choose… The number of bicycle manufacturers increases. What will happen in the market for bicycles? Answer 3 Choose… A fungus begins to kill coffee plants. What will happen in the coffee bean market?

Answer 1: Birthrate in Canada Increases Dramatically When the birthrate in Canada increases, the quantity of baby food (Q) in the market will increase while the price (P) of baby food will decrease. This is because the increased demand for

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Indicate whether price (P) and quantity (Q) increase (↑) or decrease (↓) in each of the following situations: The birthrate in Canada increases dramatically (lots of babies are born). What will happen in the baby food market? Answer 1 P↓, Q ↓ Global warming increases the temperatures in Canada in the winter months. What will happen in the natural gas market? (natural gas is a main source to heat buildings) Answer 2 P ↑, Q ↓ The number of bicycle manufacturers increases. What will happen in the market for bicycles? Answer 3 P↓, Q ↑ A fungus begins to kill coffee plants. What will happen in the coffee bean market?

Answer: The Impact of the Birthrate in Canada On the Baby Food Market The birthrate in Canada has increased dramatically, resulting in an influx of newborns and infants. This has a direct effect on the baby food market, as the

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Answer the following regarding the demand, supply and price of gasoline from the table below. Price (per liter) Quantity demanded (millions of liters) Quantity supplied (millions of liters) $1.00 800 500 $1.20 700 550 $1.40 600 600 $1.60 550 640 $1.80 500 680 $2.00 460 700 $2.20 420 720 At 1.20 price will – Answer 1 shortage At $1.20 there is a – Answer 2 decrease At 1.60 price will – Answer 3 surplus At 1.60 there is a

Answer 4 increase Summary At the price of $1.20, there is a shortage of gasoline as the quantity demanded is higher than the quantity supplied. A decrease in quantity demanded is observed as the price increases from $1.00 to $1.20.

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