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For each market whose product is highlighted in italics, identify whether demand or supply is increasing or decreasing. In each case, identify the demand or

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For each market whose product is highlighted in italics, identify whether demand or supply is increasing or decreasing. In each case, identify the demand or supply factor causing the change from the lists below. In which direction does the demand or supply curve shift? Demand Factors Supply Factors number of buyers number of producers income resource price price of another product state of technology consumer preferences change in nature consumer expectations price of related product producer expectations a. Medical researchers discover that consumption of blueberries reduces the risk of cancer. In the market for blueberries there is a(n)|(Click to select) vin (Click to select) v (Click to select) The factor that causes this change is: (Cli decrease The (Click to select) v curve shifts to the (Click to select) v increase b. New automated equipment is introduced in the production of tea. In the market for tea there is a(n) (Click to select) | in (Click to select) v The factor that causes this change is: (Click to select) v The (Click to select) v curve shifts to the (Click to select) vc. A significant rise in the price of game consoles affects the market for computer games. In the market for computer games there is a(n) (Click to select) | in (Click to select) v The factor that causes this change is: (Click to select) v The (Click to select) | curve shifts to the (Click to select) v d. Higher prices for grazing land have an impact on the production of wool. In the market for wool there is a(n) (Click to select) | in (Click to select) v. The factor that causes this change is: (Click to select) . The (Click to select) | curve shifts to the (Click to select) v

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