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Consider the market for apples. Explain whether each of the following events would shift demand , shift supply , or not shift either demand or
Consider the market for apples. Explain whether each of the following events wouldshift demand,shift supply, ornot shift either demand or supply.
a. The price of green apples increases.
b. The wages paid to green apples pickers increase.
c. New medical studies report evidence that eating green apples reduces the likelihood of getting cancer.
d. The price of red apples , a substitute for green apples, goes up.
e. Cold weather in Canada destroys much of the green apples crop.
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