Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply, price and quantity. Scenario 1: Market for 21ft Ladders Impact on supply a. Decrease towards...

Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply, price and quantity. Scenario 1: Market for 21ft Ladders Impact on supply a. Decrease towards equilibrium b. Increase equilibrium quantity c. Shift inwards/ to left d. Increase towards equilibrium e. Change in quantity uncertain f. Excess demand g. Change in price uncertain h. Excess supply k. Decrease equilibrium price l. Shift outwards to right m. Increase equilibrium price Impact on demand a. Decrease towards equilibrium b. Increase equilibrium quantity c. Shift inwards/ to left d. Increase towards equilibrium e. Change in quantity uncertain f. Excess demand g. Change in price uncertain h. Excess supply k. Decrease equilibrium price l. Shift outwards to right m. Increase equilibrium price Impact on price a. Decrease towards equilibrium b. Increase equilibrium quantity c. Shift inwards/ to left d. Increase towards equilibrium e. Change in quantity uncertain f. Excess demand g. Change in price uncertain h. Excess supply k. Decrease equilibrium price l. Shift outwards to right m. Increase equilibrium price Impact on quantity a. Decrease towards equilibrium b. Increase equilibrium quantity c. Shift inwards/ to left d. Increase towards equilibrium e. Change in quantity uncertain f. Excess demand g. Change in price uncertain h. Excess supply k. Decrease equilibrium price l. Shift outwards to right m. Increase equilibrium price


Extracted text: Scenario 1: Market for 21 ft Ladders 21-FOOT LADDER RENTALS BORDER FENCE OPE SCON Impact on demand Choose. Impact on supply Choose. Impact on price Choose.. Impact on quantity Choose.