keson Part 2: Shifters (12 pts) Directions: For each market identify the correct shifter, direction, and impact on price and quantity. MARKET IN BICYCLES Think like a CONSUMER (2 pts each) Think like a PRODUCER (2 pts each) Shifter Impact on S/D Q P Scenario Shifter Impact on S/D Q P Scenario People resolve to The price of exercise more as a aluminum (used in New Year's making bicycles) resolution. goes up. The price of The government scooters begins a tariff on decreases. imported toys and sports equipment. A new home Bicycle companies development designed for increase production in anticipation of young families is Christmas sales. built. Part 3: Complements and Substitutes (10 pts) Directions: Using the following list of goods, arrange a grocery store aisle based on complementary goods and substitute goods, using AT LEAST 5 ITEMS EACH. Goods Complements Substitutes Cereal Tea Oatmeal Pop Tarts Milk Bagels Coffee Bread Granola bars Orange Juice Eggs BananasPart 3: Complements and Substitutes (10 pts) Directions: Using the following list of goods, arrange a grocery store aisle based on complementary goods and substitute goods, using AT LEAST 5 ITEMS EACH. Complements Substitutes Tea Granola bars Bread Chen Orange Juice Cereal Eggs Oatmeal Pop Tarts Bananas Parts Strawberry UAKER Milk Bagels Coffee