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PART 4: Exit Ticket Complete the table below. Specifically, identify how a shift in either the supply or the demand curve will change the equilibrium
PART 4: Exit Ticket Complete the table below. Specifically, identify how a shift in either the supply or the demand curve will change the equilibrium price and quantity in the market. EXAMPLE Determinant Equilibrium Price (P) and (fill in column) Quantity (Q) (highlight Headline/ Changes in answer) Market Market Event Demand or Supply? (highlight one SUVS Gas prices spike Demand P: V and are expected to stay Supply high for a year. Q:7 Asthma Asthma inhaler Demand P: V Medication patent expires and other Supply companies Q: V create a generic. Dentures Elderly Demand population is growing at Supply unprecedented Q: rates. Soda Soda Demand manufacturers P:V are taxed. Supply Q: V
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