.

1. Label clearly the supplyand demand curves,SandD.

2. In the text, indicate clearly what side of the market is affected, supply or demand, by underlining or circling the relevant term.

3. In the text, indicate clearly by filling in the space provided, the connection between the markets. Why does the change in the price or quantity of one good affect demand or supply of another good (for example, the goods are substitutes in consumption, or one good is an input in the production of the other, etc.)

4. Once you decided which side of the market is affected and how, show on the graph the new supply or demand curve,labeling themS' or D',and indicate the new equilibrium price and quantity,pe'andqe'.

5. Inthe text, fill-in theblank spaces with upward/downward pointing arrows to indicate what happens withequilibriumprice and quantity.

Continue with the next market.

3. Mkt. for energy form renewable sources. The change in the price of energy produced from coal affects 1. Mkt. for Coal. The new environmental regulation affects supply/demand of renewable energy because supply/demand of coal. Show the effect of the . Show the effect of the environmental regulations. Equilibrium price change in the price of energy produced from coal. equilibrium quantity Equilibrium price , equilibrium quantity O D pe pe ge ge q2. Mkt. for energy produced from coal. The change in the 4. Mkt. for solar panels. The change in the quant. of ener price of coal affects supply/demand of energy produced form renewable sources affects supply/demand of solar from coal because panels because Show the effect of the change in the price of coal. Show the effect of the change in the quant. of renewab Equilibrium price , equilibrium quantity energy. Equilibrium price_ equilibrium quantity pe pe ge ge