Question
For each scenario, explain in words or use a graph (if you choose to use a graph, it must be completely labeled [ie - Q1,
For each scenario, explain in words or use a graph (if you choose to use a graph, it must be completely labeled [ie - Q1, Q2, D1, D2, etc] ) to show how the demand and/or supply curve would shift and/or move along their respective curve. Make sure to clarify which market you are using.
(a) Jelly market during the month of June.
(b) Milk goes on sale in the weekly grocery ad
(c) Gillette comes out with a new "self-warming" shaving cream. (d) Wildfires spread across the Palouse wheat fields.
Apple market after Samsung introduces new features for their phone.
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