Microeconomics issue or macroeconomics issue


Problem: Please find the article "Bird Flu in U.S. Clips Industry's Wing; Mild Form of Avian Disease In Delaware Thwarts Hopes Of Fast Gain in Sales to Asia" by Scott Kilman in Wall Street Journal. (Eastern edition). New York, N.Y.: Feb 11, 2004. pg. A.2. You can find it in the UoP library database.

Q1. Do you think the issue discussed in this article is a microeconomics issue or macroeconomics issue? Please explain why you think it is the case.

Q2. What happened to the demand (or quantity demanded) for the chickens in Thailand and China? What happened to the supply (or quantity supplied) for the chickens in Thailand and China? What happened to the equilibrium price and quantity of chicken in Thailand and China? (hint: use the supply-demand diagram will help you analyze the question.)

Q3. What happened to the demand (or quantity demanded) for the chickens in U.S. while there was an outbreak of bird flu in Delaware? What happened to supply (or quantity supplied) of the chickens in U.S. while there was an outbreak in Delaware? (hint: use the supply-demand diagram will help you analyze the question.)

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