Dlaw and Label CyumDrum. 2. The Change: New firms begin to start Supply or Demand making cereal (Analyze Increase or Decrease the entire industry). Shifter 3. After: Price Quantity 13 1. Draw and Label Equilibrium: 2. The Change: The government Supply or Demand establishes a binding Increase or Decrease price ceiling for cereal. Shifter 3. After: Price Quantity 14 The popularity of the 1. Draw and Label Equilibrium: cereal increases at the 2. The Change: same time new Demand- Up or Down Shifter- technology lowers Supply- Up or Down Shifter- production costs. (Double Shift) 3. After: Price Quantity