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April 20, 2014

Homework Help: finance

Posted by Elizabeth on Sunday, July 3, 2011 at 3:32pm.

Entrepreneur Edward is planning to open a business selling ice cream. He knows that the price of ice cream is determined by the forces of supply and demand, but he wants a report outlining five specific events that can be expected to cause the equilibrium price of ice cream to increase.
Be sure to include the following elements in your final report:
X Your analysis must be consistent with the economic theory of demand and supply, so you will need to do some research on the theory first.
X Briefly describe each event and indicate whether it causes price to rise due to a demand shift or due to a supply shift.

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