Question 2 Vanilla is a plant from the orchid family, and is one of the most common spices in the foods and desserts of

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Question 2 Vanilla Is A Plant From The Orchid Family And Is One Of The Most Common Spices In The Foods And Desserts Of 1 (61.14 KiB) Viewed 30 times

Question 2 Vanilla Is A Plant From The Orchid Family And Is One Of The Most Common Spices In The Foods And Desserts Of 2 (21.17 KiB) Viewed 30 times

Question 2 Vanilla Is A Plant From The Orchid Family And Is One Of The Most Common Spices In The Foods And Desserts Of 3 (31.65 KiB) Viewed 30 times

Question 2 Vanilla is a plant from the orchid family, and is one of the most common spices in the foods and desserts of Madagascar residents. Vanilla is one of the traditional agricultural industries of Madagascar, and is grown on many farms spread across the country, and is considered one of the symbols of the state. Assume that Madagascar is a closed economy operating under conditions of sophisticated competition. 1. Draw the demand and supply curves in the economy, and mark the equilibrium point with the letter A. Then, for each of the following sections, draw and mark the changes on the graph, and accordingly complete the table. 1.1. Vanilla ice cream is always made from real Madagascar vanilla. The heavy heat of last summer caused an increase in vanilla ice cream consumption. Mark the new equilibrium point with the letter B. 1.2. Following the heavy heat, many fires broke out which caused severe damage to many vanilla farms in the country. Mark the new equilibrium point with the letter C. 1.3. In light of the damage, vanilla growers have turned to experts in the various faculties of agriculture in the country, asking for help in repairing the fire damage. At the same time, a group of amateur vanilla chemists from the Hebrew University in the capital, Antananarivo, have developed a fertilizer supplement that accelerates the growth rate of the many new vanilla plants that have been planted. All efforts yielded beautiful results and the vanilla farm recovered from the damage. At the same time, the cooking programs, which are very popular in Madagascar, have begun to offer vanilla-free recipes as substitutes for traditional desserts. The new vanilla-free recipes have become very popular in cafes, restaurants and among Madagascar residents. Mark the new equilibrium point with the letter D. 1.4. The new culinary fashion (described in the previous section) has been widely criticized among vanilla growers, who have launched a successful campaign encouraging traditional vanilla foods due to the health benefits of vanilla-rich vitamins and amino acids. Mark the new equilibrium point with the letter E.
Vanilla Market in Madagascar The table must be filled in according to the following key: Increase: + decrees: No change: = Can not know: ? Item Equilibrium item Quantity produced and consumed B с D E 1.1 1.2 1.3 1.4 price Q Redemption U
2. Which of the following changes will not necessarily result in a shift in the demand curve: A. Changing consumer tastes B. Change in product price third. Changes in population size D. Change in the price of another product For each of the situations described in the following sections, circle the correct answer as to whether or not it can exist within the premises of the closed economy model without government involvement: A. There are many firms in the soft drink market, however one firm is significantly larger than the others and therefore can have a small impact on the price of soft drinks. Can exist / can not exist B. Telishrael is one of the many communications companies operating in the Israeli economy. Most of the company's shares belong to private entities and businessmen, but 35% of them are government-owned. Can exist / can not exist third. The avocado farm has many avocado growers and avocado consumers. Avocado consumers know the price of their favorite fruit at each of the growers. Can exist / can not exist