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1. (5 points) Show graphically what would happen to the supply curve for housing in Yakima if the student population were to increase significantly. 2.

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1. (5 points) Show graphically what would happen to the supply curve for housing in Yakima if the student population were to increase significantly. 2. (5 points) Show graphically, in one graph, what would happen to the equilibrium price and quantity of chicken if the price of lobster (a good substitute) were to increase. 3. (5 points) Show graphically the demand curve for the monopolist and its relationship to the market demand. 4. (5 points) Using two graphs, show how the individual demand curve for a perfectly competitive firm is determined

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