DNA AT AAT Name Ercana Harden CSFIPO allele 1: Module 7 Featured Worksheet 1 5'-GGCCATCTT Graphing Equilibrium from Shifts allele 2: For each of the following, draw and label a market in equilibrium for books. Show what happens given -GGCCATCTT the change. the following changes. State what happens to equilibrium price and quantity and the give the reason for 7S820 lele 1: 5'-CCTC price 1. The government provides a per book subsidy to companies producing physical copies of textbooks. ele 2:5'-CCT It would lead to a new equilibrium with a lower price and higher $1179 quantity because , producers le 1: 5'-GTT increase production which leads to more textbooks at a lower e 2: 5'-GTI price . (48pts P Q quantity STR 2. Due to a world-wide drought the price of wood used to produce paper increases 20%. Chr price STR A higher equilibrium price Chi takes place and a lower STE Chi equilibrium quantity. This is STR because a higher production Ch cost leads to a decrease in the quantity supplied . P quantity the 3. Studies show that students who read physical copies of textbook perform better on tests. price A higher equilibrium price and a higher quantity takes place because, with increased demand the price would rise as buyers are willing to pay alot more for the supply. P LQ quantity Continued on the following page Ray/Anderson, Krugman's Economics for the AP* Course, 3e 2019 BFW Publishers, Inc