Equilibrium Price and Quantity of ChocolateQuestion :(1) Assume that chocolate operate in a perfectly competitive market, use a well-labelled demand and supply (D-S) model to explain how market equilibrium price of chocolate is being determined. Please clearly explain the equilibrating process.(2) Using the D-S model, explain and illustrate what factors have caused the market price for chocolate to rise in the past two years. Clearly e...
Causes and Policies of the 2008 Financial Crisis in the UK(a) Outline the causes of the 2008 financial crisis in the UK. (b) What policies has the UK Government put into place to reduce the impact of the crisis?(c) Were they effective? a) The primary causes of the financial crisis in the year 2008 have negative impact on the UK economy, the financial crisis occurs due to three key aspects which are loose monetary policy laid by t...