Question
Beginning at equilibrium, show what happens graphically when the event(s) take place. Note any changes in price (P) or quantity (Q) ?, or as well
Beginning at equilibrium, show what happens graphically when the event(s) take place. Note any changes in price (P) or quantity (Q) ?, or as well as list any factor(s), if any, causing the shift(s)
1-Market for electric cars when the price of gas skyrockets.
Factor(s):
2-Reports that French fries contribute to obesity and the potato harvest doubles.
Factor(s):
3-Candy apples when the price of apples and sugar triples.
Factor(s):
4-Floods in the west destroy half the fall wheat crop.
Factor(s):
5-Popcorn when the price rises and people stay home more.
Factor(s):
6-Tomato plants when the price of tomatoes rises.
Factor(s):
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