Economic Principles - Part 1 1 a. domestic market for face masks before and after the pandemic started 1 b. Reduction in the supplies due to unavailability of raw material- 1 c. demand and supply equilibrium after manufacturing by new firms- 1 d. The demand of the face masks in the market was set at an equilibrium at point P1. The supply curve is the same as no new entrants of manufacturing entered the market and due to the pand…
MAE101– Economic Principles Task 1: A bounty on the toad a) The cane toad, population which is denoted as one of the giant neotropical toads that have invaded the South and mainland part of given Central America. As the cane toad contains highly toxic poison glands and their tad poles also contain a toxic element which causes the other animals to get ingested. Due to the Cane toad toxic skin, it has caused widespread disruption in the…
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