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How do I graph these problems? 1. Draw what happens to price and quantity when demand increases (shifts to the right). Remember to include a

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How do I graph these problems?

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1. Draw what happens to price and quantity when demand increases (shifts to the right). Remember to include a supply curve so you can show both the old and new equilibrium points. 2. Draw what happens to price and quantity when supply decreases (shifts to the left). Remember to include a demand curve so you can show both the old and new equilibrium points. 3. Show with a drawing what happens when both supply and demand decrease at the same time. Hint: you will need two graphs to show this. 4. The price of steel increased. What do you expect to happen to the price and quantity of cars? Draw it. What shifter is this? 5. The price of pasta sauce went up. What do you expect to happen to the price and quantity of pasta noodles? Draw it. What shifter is this? 6. Laila can use her leather to either make leather bracelets or leather belts. The price of leather belts decreases. What happens to the price and quantity of leather bracelets? Draw it. What shifter is this? 7. People decide sushi is cool, and at the same time red tide kills off a bunch of fish. What do you expect to happen to the price and quantity of fish? Draw it. List the shifters. 8. The expected future price of gas rises. What do you expect to happen to the price and quantity of gas right now? Draw it

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