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Please read an answer all 3 questions below: (5 pts each) 16. A. Draw a simple demand and supply graph below for goose-feather winter jackets.
Please read an answer all 3 questions below: (5 pts each) 16. A. Draw a simple demand and supply graph below for goose-feather winter jackets. Label everything correctly. (Axis, curves, EQ, EP) ..... .... ... .... ...... ... .. .. .. .. ... ..4 ... .4 ... ...... .. .... .... . ..... ..... .... . I. ... ....... .. ... .. .... ." .... ... ... .... ....... ..L....... 1 ... ..... ..... .L. .. L... B. This year a disease has killed a large percentage of geese worldwide resulting in a shortage of goose feathers. Draw the effect this will have on the supply and demand curve of jackets above. C. This winter is expected to be very cold. The government has decided to give every one of its citizens a large tax refund (larger than the increase in price of jackets) to help people prepare for a cold winter. Draw the effect this will have on the demand and supply graph for jackets above. (Use Arrows to show any curve shifts D. Make sure to label the old and new equilibrium price and quantities. What happened to the price and quantity
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