Question
provide one example of a change in demand and one example of a change in supply that caused the equilibrium price to change in a
provide one example of a change in demand and one example of a change in supply that caused the equilibrium price to change in a market that affected you in your own life. In your discussion make sure you describe: (i) whether demand/supply (depending on which example you're discussing) increased or decreased; (ii) what factors led to the increase or decrease (remember the six factors that cause demand to shift in Chapter 2 and the five factors that cause supply to shift in Chapter 3); (iii) and whether the change in demand/supply caused the equilibrium price or equilibrium quantity to increase/decrease
for the example can you talk about how the increase in taxes has affected the demand and supply curve
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