Question DescriptionProductsEventMarket for:Price for hamburgers has risen; demand for hot dogs is rising.Hot Dog BunsThe President of the UnitedStates has released a statement that unemployment is falling, there is arise in output in the Country, and manufacturing activity is rising.Popular Vacation SpotsThe Chinese government has decided to subsidize its domestic automobile industry with stimulus money.Automobiles in ChinaManufacturers who use petroleum as an input see prices of crude rising.Manufactured goods that use plastic as an input
Using the table, for each line item, write a paragraph describing howthe market for each specific product will be affected by the associatedevent. Describe which curve will shift (demand or supply or both), whateffect it will have on price (rise or fall in price), and what willhappen to quantity (rise or fall in quantity). Each line item requires aparagraph.
I will not pay prices exceeding my budget range.