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Option 1 For each scenario below, draw an accurately labeled market graph of all axes, curves, and equilibria points . Be sure to use arrows

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Option 1 For each scenario below, draw an accurately labeled market graph of all axes, curves, and equilibria points . Be sure to use arrows to indicate the direction of shifts in supply and /or demand a) The market for automobile tires after the price of rubber increases Automobile LS ND b) The market for a hardcover book in which the publisher overestimated demand , charging more than the equilibrium price . (Instead of a shift , indicate the quantity of the shortage or surplus of the book .) S Book Supply & Demand c) The market for a normal consumer good after a significant rise in average income

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