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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?

  1. Draw the graph.
  2. Does the price go up or down?
  3. Does the quantity go up or down?
  4. 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?

  1. Draw the graph.
  2. Does the price go up or down?
  3. Does the quantity go up or down?
  4. 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?

  1. Draw the graph.
  2. Does the price go up or down?
  3. Does the quantity go up or down?
  4. What is the reason for the shift?

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