Describe and illustrate graphically what happens to the beer market in each of the

following scenarios. Indicate whether the demand curve or the supply curve shifts and,

if so, in what direction. Indicate what happens to equilibrium price and quantity. Explain

your assumptions.

The price of barley (the main ingredient in beer production) increases.

The Surgeon General announces that consumption of alcohol has been linked to

alzheimers.

The price of wine decreases

Recreational marijuana is legalized