Illustrate ( draw a fully labelled graph) and explain how Russia’s invasion of Ukraine affects the market equilibrium price and quantity of gasoline

How is the market for gasoline affected if the excise tax on gasoline is reduced?

a) the supply of gasoline increase

b)the equilibrium quantity of gasoline degreases

c) the equilibrium price of gasoline increases

d) the supply of gasoline decreases?

What is the market equilibrium price and quantity? Market equilibrium price: $ Market equilibrium quantity: units

Consider the market for taxi service in Washington, DC. Use demand-supply analysis to explain the effects (i.e., increase or decrease) on the equilibrium price and quantity from the following (considers each case separately; and assumes that only one side of the market is affected.):

-Bus drives go on strike.
Equilibrium Price: Quantity:

-Bus fares increase after a strike by bus drives.
Equilibrium Price: Quantity:

-Taxi drivers must pass a competency test, and a third of all drivers fail.
Equilibrium Price: Quantity:

-Gasoline prices increase
Equilibrium Price: Quantity:

-Half of the downtown parking lots are converted to office building.
Equilibrium Price: Quantity:

-The population of the city increases.
Equilibrium Price: Quantity:

1) In the past, the success of