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Economics

Category: Economics

using comparative statics, the impact of the following shock in the market in which the chosen firm operates.
i. A bumper harvest in the U.S. and South America increase the global wheat yield.
ii. There is a reported dramatic increase in the compensation claims going to court.
iii. A multinational white goods retailer launches a strategy to open 20 new stores in Australia.
iv. Ford to close its Broadmeadows and Geelong plants for which Ex Hoon Pty Ltd is a major supplier.
v. The construction industry faces a significant increase in labour costs.