5.  What would the effect

5.  What would the effect

5.  What would the effect of this event, ceteris paribus, on the profits of firms in theindustry?  [2]6. What would be the effect of the change in the price of natural gas indicated above on products produced in energy intensive industries, such as chemicals, glass, and aluminum.  Analyze in terms of the effects on demand, supply, equilibrium price and quantity.  [8]1.  Whichdemand and/or supply determinant(s) is/are affected?  [4]

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