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Answer to Question #71753 in Other Economics for Kalpana barde

Question #71753
Supposs that you are a writer for the blog fashion boutiques & are writing a post that illustrates how principles from your economics class can be illustrated by the market for boutiques.you want to include some headlines from recent news stories find actualnews articles using chocolates to illustrate each of the following concepts,or if name are available,create your own detailed headlines.you may draw a graph to illustrate the changes in equilibrium.
1.change in quantity demanded
2.change in quantity supplied
3 change in buyers of butiques
4.change in the price of related goods
Expert's answer
1.change in quantity demanded - production of chocolate increased.
2.change in quantity supplied - consumers start buying more chocolate before Christmas.
3 change in buyers of butiques - increase in number of chocolate buyers.
4.change in the price of related goods - people start buying more chocolate after increase in prices for ice-cream.

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