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Find a recent newspaper (Internet) headline that clearly shows one of our demand ' determinants (these are the shifters found in my lecture notes

  1. Find a recent newspaper (Internet) headline that clearly shows one of our "demand' determinants (these are the "shifters" found in mylecture notes) and cut and paste it into your post. (Make sure thesource is cited.)
  2. Next,statethe determinant(use one of the 5 from my notes).
  3. Then, tell us if it increases or decreases demand.
  4. Lastly, once the shift takes place, will the new equilibrium price (Pe) be higher or lower? Will the new equilibrium quantity (Qe) be higher or lower?(Use the graphs) to help you with the direction that P and Q will move.

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FIGURE 37 Changes in demand and supply and the effects on price and quantity. The Increase In demand from D, to D, In te) Increases both equilibrium price and equilibrium quantity. The decrease In demand from D, to D. In (b) decreases both equilibrium price and equilibrium quantity. The Increase In supply from S, to 5, In (c) decreases equilibrium price and Increase equilibrium quantity. The decline In supply from 5, to 5, In (dj Increases equilibrium price and decreases equilibrium quantity. The boxes in the top right comers summarize the respective changes and outcomes. The upward arrows In the boxes signify Increases in equilibrium price (F] and equilibrium quantity (3); the downward arrows signify decreases In these Rems D increase: D decrease: Pt. Of D DA (a) [bj Increase in demand Decrease in demand S Increase: 5 decrease: PI, Of Pt. 01 (c] (d] Increase in supply Decrease in supply Page 56 Changes in Supply What happens if the demand for some good (for example, automobiles) is constant but supply increases, as in ( Figure 3.7c? The new intersection of supply and demand is located at a lower equilibrium price but at a higher equilibrium quantity. An increase in supply reduces equilibrium price but increases equilibrium quantity. In contrast, if supply decreases, as in f Figure 3.7d, equilibrium price rises while equilibrium quantity declines

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