Using graphs similar to those in Figure 3.1, illustrate how the effect of a demand shock depends on the shape of the supply curve. Consider supply curves that are horizontal, linear upward sloping, linear downward sloping, and vertical.

Figure 3.1

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(a) (b) (c) D2 S2 e2 2.73 e2 ед 2.20 2.00 2.00 2.00 e, D1 72 80 69 80 Q, Million Ibs of avocados per month Q, Million Ibs of avocados per month Q, Million Ibs of avocados per month qj jəd $ 'd qj jəd p, $ per Ib