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(6pts) Supply and Demand: For each of the following events show the shift in the demand and/or supply curves: (remember to label your graphs) (a)

(6pts) Supply and Demand: For each of the following events show the shift in the demand and/or supply curves: (remember to label your graphs) (a) (1.5pts) Due to a recession, incomes fall drastically in the Bay Area. Show what happens to the market for can foods in the Bay Area. (b) (1.5pts) As a result of the war in Ukraine, the price of petroleum (oil) increases by 25%. Show what happens to the market for U.S. gasoline (c) (1.5pts) The Food and Drug administration has given preliminary approval allowing for the sale of a genetically modified version of salmon which grows bigger and faster than normal salmon. Although the government

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