The following scenarios would place a downward pressure on price:
- .The Nile River floods this year add an exceptional amount of silt to the soil, resulting in increased crops of cotton.
- An outbreak of mad cow disease causes Americans to abstain from eating beef.
- Extreme weather in New York, where the Super Bowl is scheduled to be played, makes people disinterested in purchasing Super Bowl tickets.
The following scenarios would place a downward pressure on price:
An impending unclear holocaust causes people to stock up on twonkies, a popular snack cake provided by many companies
<h3>What would lead to either a upward or downward pressure on price?</h3>
There is an upward pressure on price if demand increases or supply reduces. There is a downward pressure on price if demand decreases or supply increases.
As a result of the slit, there would be an increase in the supply of cotton. This would lead to an downward pressure on price. The mad cow disease would lead people to demand less beef. This would lead to an downward pressure on price. The extreme weather would lead to people not coming for the game. This would lead to an downward pressure on price.
Due to the expectation of the holocaust, there would be an increased demand for twonkies. This would lead to an upward pressure on price.
Here is the complete question:
Decide whether each scenario would lead to upward or downward pressure on the equilibrium price for each good in bold font.
1.The Nile River floods this year add an exceptional amount of silt to the soil, resulting in increased crops of cotton.
2.An outbreak of mad cow disease causes Americans to abstain from eating beef.
3. Extreme weather in New York, where the Super Bowl is scheduled to be played, makes people disinterested in purchasing Super Bowl tickets.
4. An impending unclear holocaust causes people to stock up on twonkies, a popular snack cake provided by many companies
For more information about the change in demand, please check: brainly.com/question/25871620
#SPJ1
