Question 1 (4 points)Consider the effects on fast-food restaurants if the minimum wage is raised to $15 an hour.Is this a change in demand or supply? Which acronym for non-price determinants applies: TRIBE or ROTTEN? From the acronym you selected, which specific non-price determinant is represented in this scenario? Of the above graphs, which graph best illustrates the economic event? Enter the letter of the graph. Blank 1: Blank 2: Blank 3: Blank 4: Question 2 (4 points)Consider the effects on T-bone steaks if the personal income tax rate is reduced.Is this a change in demand or supply? Which acronym for non-price determinants applies: TRIBE or ROTTEN? From the acronym you selected, which specific non-price determinant is represented in this scenario? Of the above graphs, which graph best illustrates the economic event? Enter the letter of the graph. Blank 1: Blank 2: Blank 3: Blank 4: Question 3 (4 points)Consider the effects on DIsney World hotels if Disney World increases ticket prices.Is this a change in demand or supply? Which acronym for non-price determinants applies: TRIBE or ROTTEN? From the acronym you selected, which specific non-price determinant is represented in this scenario? Of the above graphs, which graph best illustrates the economic event? Enter the letter of the graph. Blank 1: Blank 2: Blank 3: Blank 4: Question 4 (4 points)Consider the effects on new housing construction if the cost of lumber decreases.Is this a change in demand or supply? Which acronym for non-price determinants applies: TRIBE or ROTTEN? From the acronym you selected, which specific non-price determinant is represented in this scenario? Of the above graphs, which graph best illustrates the economic event? Enter the letter of the graph. Blank 1: Blank 2: Blank 3: Blank 4: Question 5 (4 points)Consider the effects on firewood if your local TV weather reporter predicts snow.Is this a change in demand or supply? Which acronym for non-price determinants applies: TRIBE or ROTTEN? From the acronym you selected, which specific non-price determinant is represented in this scenario? Of the above graphs, which graph best illustrates the economic event? Enter the letter of the graph. Blank 1: Blank 2: Blank 3: Blank 4: Question 6 (4 points)Consider the effects on normal goods if people receive a 20% pay increase.Is this a change in demand or supply? Which acronym for non-price determinants applies: TRIBE or ROTTEN? From the acronym you selected, which specific non-price determinant is represented in this scenario? Of the above graphs, which graph best illustrates the economic event? Enter the letter of the graph. Blank 1: Blank 2: Blank 3: Blank 4: Question 7 (4 points)Consider the effects on inferior goods if people receive a 20% pay increase.Is this a change in demand or supply? Which acronym for non-price determinants applies: TRIBE or ROTTEN? From the acronym you selected, which specific non-price determinant is represented in this scenario? Of the above graphs, which graph best illustrates the economic event? Enter the letter of the graph. Blank 1: Blank 2: Blank 3: Blank 4: Question 8 (4 points)Consider the effects on light bulbs if the government places a tax on light bulb filaments.Is this a change in demand or supply? Which acronym for non-price determinants applies: TRIBE or ROTTEN? From the acronym you selected, which specific non-price determinant is represented in this scenario? Of the above graphs, which graph best illustrates the economic event? Enter the letter of the graph. Blank 1: Blank 2: Blank 3: Blank 4: Question 9 (4 points)Consider the effects on fireworks if the government subsidizes the production of fireworks.Is this a change in demand or supply? Which acronym for non-price determinants applies: TRIBE or ROTTEN? From the acronym you selected, which specific non-price determinant is represented in this scenario? Of the above graphs, which graph best illustrates the economic event? Enter the letter of the graph. Blank 1: Blank 2: Blank 3: Blank 4: Question 10 (4 points)Consider the effects on soybeans if a new tractor is invented that cuts harvesting time in half.Is this a change in demand or supply? Which acronym for non-price determinants applies: TRIBE or ROTTEN? From the acronym you selected, which specific non-price determinant is represented in this scenario? Of the above graphs, which graph best illustrates the economic event? Enter the letter of the graph. Blank 1: Blank 2: Blank 3: Blank 4:

Consider the effects on fast-food restaurants if the minimum wage is raised to $15 an hour Is this a change in demand or supply? Which acronym for non-price determinants applies: TRIBE or ROTTEN? From the acronym you selected, which specific non-price determinant is represented in this scenario? Price Price Price Price Dz D1 A. B. Dz C. D. Quantity Quantity Quantity Quantity Of the above graphs, which graph best illustrates the economic event? Enter the letter of the graph. Blank 1: Blank 2 Blank 3: Blank 4