later O A Identify whether the event will affect demand, supply, or both: know w

Question

later O A Identify whether the event will affect demand, supply, or both: know whether the effect will shift demand, supply, or both to left, right, or both; and compare post-event equilibrium price and quantity with pre-event equilibrium price and quantity and quantity; and know whether the effect will shift demand. supply, or both to left, right, or both compare the post-event equilibrium price and quantity and pre-event equilibrium price and quantity both; know whether the effect will shift the demand, supply, or both to left, right, or both. Oc. Know whether the effect will shift the demand, supply, or both to left, right, or both: identify whether the event will affect demand, supply, or both; and

Explanation / Answer

The effect of an event can be analyzed by first identifying whether the event will affect the demand, supply or both, then we will know whether the demand or supply will shift to left or right or both and finally we compare the new equilibrium price and quantity to pre event equilibrium price and quantity.

The correct option is A.

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