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pls help me Directions: Read each paragraph. Decide if supply and/or demand will change. If there is a shift in supply and/or demand, write what

pls help me

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Directions: Read each paragraph. Decide if supply and/or demand will change. If there is a shift in supply and/or demand, write what determinant caused this shift. Then, draw an graph and label each axis. Start each graph with a supply and demand line, and label S1, DI, Peql, and Qeql. Illustrate each of the following situations and write what happened to Price Equilibrium (Increase, Decrease, or Indeterminate) and Quantity Equilibrium (Increase, Decrease, or Indeterminate). As necessary, label $2, D2, Peq2, and/or Qeq2 and uses arrows to show shifts. 1) Apple announces the release of the highly-anticipated iPhone 6, which is supposed to be the most advanced and user-friendly Smart Phone yet. On the day of its release, however, several shipments are lost at sea due to poor weather. (iPhone 6) Change in Demand? Change in Peq: Determinant: Change in Supply? Change in Qeq: Determinant: 2) The government gives Lipton Tea a subsidy. New research shows that coffee is harmful to one's health. (Tea) Change in Demand? Change in Peq: Determinant Change in Supply? Change in Qeq: Determinant: 3) Due to new equipment in manufacturing facilities, Blu-ray companies are now able to make a Blu- ray twice as fast. DVD and VHS players are becoming less popular. (Blu-ray movies) Change in Demand? Change in Peq: Determinant: Change in Supply? Change in Qeq: Determinant: 4) Popular athletes are sponsoring Levi's jeans in commercials and magazines. The cost of denim, the material used to make jeans, has dramatically increased. (Levi's jeans) Change in Demand? Change in Peq: Determinant Change in Supply? Change in Qeq: Determinant: 5) Bonus: Pharmaceutical companies have uncovered new scientific data that assists them in producing heart medicine more easily, thus making it cheaper for the consumer. (Heart medicine) Change in Demand? Change in Peq Determinant: Change in Supply? Change in Qeq: Determinant

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