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Create a sample problem for each of the supply and demand shifters. Supply 1. Cost of production 2. Regulations 3. Expectations 4. Sellers 5. Technology
Create a sample problem for each of the supply and demand shifters. Supply 1. Cost of production 2. Regulations 3. Expectations 4. Sellers 5. Technology 6. Education Demand 1. Complements 2. Substitutes 3. Income 4. Buyers 5. Expectations 6. Tastes/Preferences Just like we have been practicing and like the questions on the projector, create a scenario that demonstrates a change in each of those determinants. You do not need to draw or solve it, just create the
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