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1) Start by listing 3-5 longer term trends in the industry that affect demand and try to estimate the amount (% change) by each factor.

1) Start by listing 3-5 longer term trends in the industry that affect demand and try to estimate the amount (% change) by each factor.

1) Start by listing 3-5 longer term trends in the industry that affect demand and try to estimate the amount (% change) by each factor. Putting all these factors together, what might be the cumulative overall change in D each year?2) Then list 3-5 longer term trends in the industry that affect supply and try to estimate the amount (% change) by each factor. Putting all these factors together, what might be the cumulative overall change in S.3) What can you say about the long run in this industry and which companies will be helped, and which hindered, by these changes?Describe two different markets where there has been a market disequilibrium. That is, there is a shortage or a surplus. This is often temporary for weeks or months, maybe because of a natural disaster. Briefly discuss the supply and demand curve in each case. What can a manager of a firm within this industry do to minimize the impact of this situation (or to take the best advantage of it)?8 Explain the difference between shortages and scarcity ,I answering this question. You should consider the difference between the short run and the long run in economic analysisQuestions 9: Essentially, what do you think are the changing aspects of the economics (i.e., customers, technology, and competition) of the following industries?•

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