Draw in and label one curve to show the correct shift in supply or demand for each scenario.

The Minnesota Twins are expected to be World Series contenders this year. How will this affect the market for Twins Tickets?

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 B

The MN government puts in place a tax on gas. How will this affect the market for gas in MN?

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 C

The Great Lakes of MN have become a favorite national pastime and tons of tourists are flooding the state. How will this affect the market for Cabins?

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?