Directions: Read each paragraph. Decide if supply and/or demand will change. If there is a shift in supply and/or demand, write what determinant caused this shift. Then, draw an graph and label each axis. Start each graph with a supply and demand line, and label S1, D1, Peql, and Qeql. Illustrate each of the following situations and write what happened to Price Equilibrium (Increase, Decrease, or Indeterminate) and Quantity Equilibrium (Increase, Decrease, or Indeterminate). As necessary, label S2, D2, Peq2, and/or Qeq2 and uses arrows to show shifts