Complete BOTH market graphs:

A - In the past few years, fewer young people are playing musical instruments, as TikTok and video games hold more appeal. At the same time, due to increased scarcity and transportation costs, the prices of brass, wood, and reeds are increasing. Identify the appropriate changing non-price determinant(s) and draw a clear market equilibrium graph to illustrate what is happening in the market for musical instruments.

1. Explain which non-price determinant(s) of demand and/or supply are changing.

2. Draw your own graph on a piece of paper (don't download a graph from the internet).

3. Clearly label all axes, lines, and equilibriums. Include all relevant information.

B - In the market for snacks, Cheetos are gaining popularity over Lay's Barbecue Chips. At the same time, Lay's has invested in new technology to better produce Barbecue, Sour Cream and Onion, and Lay's Classic Chips. Identify the appropriate changing non-price determinant(s) and draw a market equilibrium graph to illustrate what is happening in the market for Lay's Barbecue Chips.

1. Explain which non-price determinant(s) of demand and/or supply are changing.

2. Draw your own graph on a piece of paper (don't download a graph from the internet).

3. Clearly label all axes, lines, and equilibriums. Include all relevant information.