Explain each of the following statements using supply-and-demand diagrams. a. “When a cold snap…


Explain each of the forthcoming statements using
supply-and-demand diagrams.
a. “When a deliberate splinter hits Florida, the compensation of
orange juice rises in supermarkets throughout
the dominion.”
b. “When the air turns eager in New
England entire summer, the compensation of hotel
rooms in Caribbean resorts plummets.”
c. “When a war breaks out in the Middle East,
the compensation of gasoline rises, and the compensation of a
used Cadillac falls.”