Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / onsider the market for hand sanitizers. Analyze the effects of four (4) different scenario...

onsider the market for hand sanitizers. Analyze the effects of four (4) different scenarios below on the market for hand sanitizers, separately. Fill in the highlighted blanks for each scenarion

onsider the market for hand sanitizers. Analyze the effects of four (4) different scenarios below on the market for hand sanitizers, separately. Fill in the highlighted blanks for each scenario, Demand for hand sanitizers Scenario 1. Suppose that the price of rubbing alcohol (a substitute for hand sanitizers) decreases, (shifts to right/shifts to left/ does not shift). Supply of hand sanitizers (shifts to right/shifts to left/ does not shift), As a result: Equilibrium price (increases / decreases / cannot be determined). Equilibrium quantity (increases / decreases / cannot be determined). Scenario 2. Suppose that the price of glycerin (an ingredient in hand sanitizers) inereases. Demand for band sanitizers (shift to right/shifts to len/ does not shift). Supply of hand sanitizers Chift to right/shifts to left/ does not shift) As a result Equilibrium price (increases / decreases / cannot be determined) Equilibrium quantity (increases / decreases/cannot be determined), Scenario). Suppose that COVID-19 pandemie ends thanks to widespread vaccination, Demand for hand sanitizers (shift to right/hits to len/ does not shift). Supply of hand sanitizers shift to right/shifts to left/does not shift) As a result Equilibrium price increases / decreases / cannot be determined) Equilibrium quantity (increases / decreases / cannot be determined) Scenario 4. Suppose that new chemical technology decreases production time of hand canteers significantly Den and for hand sanitizens Supply of hand sanitizer (shift to right shifts to lon/does not shift (shift to right/shifts to len/docs not shift
Scenario 2. Suppose that the price of glycerin (an ingredient in hand sanitizers) increases. Demand for hand sanitizers (shifts to right/ shifts to left/ does not shift). Supply of hand sanitizers (shifts to right/shifts to left/ does not shift). As a result: Equilibrium price (increases / decreases / cannot be determined). Equilibrium quantity (increases / decreases / cannot be determined). Scenario 3. Suppose that COVID-19 pandemie ends thanks to widespread vaccination. Demand for hand sanitizers (shifts to right/ shifts to left/ does not shift). Supply of hand sanitizers (shifts to right/ shifts to left/ does not shift). As a result: Equilibrium price Equilibrium quantity increases / decreases / cannot be determined) (increases / decreases / cannot be determined). Scenario 4. Suppose that a new chemical technology decreases production time of hand sanitizers significantly Demand for hand sanitizers Supply of hand sanitizers (shifts to right/shifts to left/ does not shift). (shifts to right/shifts to left/ does not shitt), As a result Equilibrium price Equilibrium quantity increases / decreases / cannot be determined) increases / decreases / cannot be determined)

Consider the market for hand sanitizers. Analyze the effects of four (4) different scenarios below on the market for hand san
Scenario 2. Suppose that the price of glycerin (an ingredient in hand sanitizers) increases. Demand for hand sanitizers (shif

Apr 12 2021 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions