Consider the initial effect of each of the following events on the underlined market. First indicate what the shifter is (i.e. for demand: number of buyers, price of related goods, etc and for supply: input prices, technology, etc.). Use an arrow to show whether there is an increase or decrease in demand (D), supply (S), equilibrium price (P) and equilibrium quantity (Q). Use a "0" for no change. Use the space provided to graph the appropriate shifts or movements.Be sure to label the axis, curves and equilibrium points.

Market/EventGraphShifterDSPQ

1.Ipad5: Research is published

That proves Ipad5s cause cancer.

2. Ipad5: A new invention makes

Ipad5s cheaper to produce.

3. Ipad5: Tsunami in Japan and floods in Thailand

Hurt production of Ipad5s.

4. Beef: The price of grass (cattle food) rises

Due to dry weather (drought).

5. Beef: An outbreak of the disease

Listeria is linked to pork.

6.Apples: The wages of apple pickers

Increase due to govt. legislation.

7.World Wheat: World population is growing by

Over 2 million people per week.

8. World Wheat:Weather destroys wheat crop in

Canada and the US.