Question #1

1.Giuen the following changes in the indicated markets. determine. if any, the effects on the equilibrium price and quantity and the shift, if any:r on the supply and demand curves. HINT: at most onlyr one of the curves ls affected by each change] {12 marks] make shoes Price of tea coffee decreases Incomes fall spam Frost hits Florida oranges Medic-l Cell phones pronouncement that cell phone use increases risk of cancer Prices of coats Winter coats expected to increase by 10% next winter