Question
Create 5 small supply and demand diagrams and use the 4-step process to show what shifts, and what happens to both equilibrium price and quantity.Label
Create 5 small supply and demand diagrams and use the 4-step process to show what shifts, and what happens to both equilibrium price and quantity.Label your graph with the name of the product experiencing the change.
a) OPEC nations seriously decrease oil production in retaliation for the "Muslim ban" instituted within the United States.
b) Thousands of acres of land on the Big Island where papayas were grown is now covered in lava.
c) Taro production has significantly increased due to the restoration of water within streams throughout Maui.
d) Cigarette smoking has become subject to increasing regulations in the US. Illegal to smoke on planes, in restaurants, in parks, on campus, etc.
e) Kale has been identified as a "superfood".A food that could help people lose weight and potentially prevent cancer.
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