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Draw in and label one curve to show the correct shift in supply or demand for each scenario. Scenario D There are two more athletic
Draw in and label one curve to show the correct shift in supply or demand for each scenario.
Scenario D
There are two more athletic shoe companies that are opening at the Mall of America. How will this affect the market for Athletic Shoes at the MOA?
- Draw the graph.
- Does the price go up or down?
- Does the quantity go up or down?
- What is the reason for the shift?
Scenario E
There is a new sticker that if you wear it you won't get any Mosquito bites. How will this affect the market for bug spray?
- Draw the graph.
- Does the price go up or down?
- Does the quantity go up or down?
- What is the reason for the shift?
Scenario F
12 inches of snow is expected to fall tomorrow. How will this affect the market for shovels?
- Draw the graph.
- Does the price go up or down?
- Does the quantity go up or down?
- What is the reason for the shift?
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