Discuss the relationship between the supply chain and the supply and demand model. Please elaborate.
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How does pollution, environmental degradation and climate change affect the global supply chain? Please elaborate!
Elaborate on how each affects business strategy and management:
1. Demand and Supply Model: Explain the relationship between Supply (S), Demand (D), quantity supplied (Qs), quantity demanded (Qd), equilibrium, disequilibrium (shortages and surpluses), price ceilings, price floors, and alternative markets.