Below are three articles. You must fill in the answer sheet for each article. Be

Question

Below are three articles. You must fill in the answer sheet for each article. Be sure and explain how the changes should impact Pe and Qe Classify as a change in demand or a change in quantity demanded, a change in supply or a change in quantity supplied. Make sure you fill in the graphs the same way I did in the sample graphs in the sections from my notes for chapter 3 Use a? if you can’t tell if there is an increase or a decrease Leave it blank if there is no change. Use arrows for increases and decreases or the words increase and decrease. A. Plant based proteins. B. Single Family Housing C. Oranges dent: A. Two of the world’s biggest packaged-food giants, Nestlé and Unilever , disclosed separate, small deals to buy the sort of homegrown, natural brands that have been eating the industry’s lunch. The global packaged-food industry is facing fierce competition from a growing number of small, but high-growth food and beverage brands. These brands have struck a chord with consumers looking for locally produced or more healthy, natural choices. We’re experiencing a consumer shift toward plant-based proteins.’ —Moss Landing, Calif.-based Sweet Earth bills itself as a natural, ethical, environmentally conscious company that substitutes plant proteins for animal ones in meals like curries, stir fries, breakfast wraps, burgers and pasta. Sweet Earth is now available in more than 10,000 stores in the U.S. It is stocked at independent natural grocers, as well as bigger chains like Amazon.com Inc.’s Whole Foods, Target Corp. , Kroger Co. and Wal-Mart Stores Inc. “We’re experiencing a consumer shift toward plant-based proteins,” said Paul Grimwood, chief executive of Nestlé’s U.S. arm. Plant-based food, as a sector, is growing at double-digit percentages rates, Nestlé said. Nestlé didn’t disclose the brand’s current sales, but said it expects the sector to increase $5.3 billion in sales by 2020.About The student: B. Construction Drops Despite Demand Development of rental apartments is driving the latest construction boom but construction of such multifamily units is poised to wind down despite rising demand. Americans’ changing preference for renting over owning reflects a generational shift that is taking place in all regions, said Ralph McLaughlin, chief economist at Trulia The trend reflects growing demand among millennials for apartment units in the heart of major cities. Young people are renting longer, both by choice and because they are struggling to save for a down payment and qualify for a mortgage. While demand among younger households is increasing, builders are doing less construction. The student: Florida's orange crop was going to be the best growing season in years, then Irma happened CNN Money) -- For some Florida orange growers, Hurricane Irma did more than destroy crops. It wiped out the best growing season in ten years. This was supposed to be a comeback year for the citrus industry, which has suffered years of declining production. Nearly all of the oranges grown in Florida are used to make orange juice. "We were really excited about this upcoming crop," Ned Hancock, owner of Hancock Citrus in south-central Florida, told CNNMoney. "This was going to be the first improved crop that we've had in a decade, really." Growers have been struggling since 2004, when four hurricanes ripped through Florida, washing away much of the year's harvest. Then the industry was hit by a crop-killing disease that spread like wildfire. Last week, Irma decimated broad swaths of crops across the state. The damage is still being surveyed, but experts say the impact will be severe. He says Irma's destruction is the worst he's ever seen. It hit the entire state, he explained, unleashing fierce winds coast to coast that toppled trees and ripped unripe fruit off their limbs, leaving them worthless. After an initial walk-through of his groves on Wednesday, Hancock estimated he'll only be able to harvest about 50% of his crop. And that's only if flooded areas drain before the water begins to rot tree roots. What's particularly gut wrenching about all of it, Hancock said, is the idea that a storm could put some growers out of business.

Explanation / Answer

Article A:

Since the two giants would buy the natural brands, so the supply of the market would be affected. Less firms would then be available to supply the natural products to the market, and the supply curve would shift inwards to the left. The price as a result would increase and the quantity would fall. There is a change in quantity suppplied as the curve has shifted or decreased.

Article B:

In the market for renting apartments, the demand for rental houses increases and the supply decreases. The demand curve shifts to the right and the supply shifts to the left.

There is a change in quantity demanded and quantity supplied. The price, as a result would increase and the quantity change would be ambiguous.

Article C:

The supply of oranges would decrease and the supply curve would shift inwards to the left. This would be a change in quantity supplied of oranges. The price as a result would increase and the quantity would fall.

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