Determine how each scenario will impact either supply or demand in the given market.

scenario in the market for
the price of goose feathers, an input for pillows, increases sharply. pillows
researchers develop a higher-yielding, insect-repellant strain of rice. rice
during the great recession, the average income for an american worker fell sharply. during that time, families began preparing more of their own meals. meals from restaurants
spam unveils a new flavor, barbeque, which has students intrigued. the students transition from buying ham to spam. spam
idecide, a consulting firm, joins the market for accounting. accounting services

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)