Review your S and/or D shifts.

Use diagrams to illustrate any changes to these markets. Clearly identify the initial equilibrium and then the new equilibrium for each of the following scenarios.

a)the demand for large SUV's as North Americans pay more attention to global warming

b)the ageing of the baby-boomers on the demand for health care

c)the effect of an increase in the price of cheese and pepperoni on the demand for pizza

d)the demand for hotel rooms when Toronto hosts an international film festival (post covid)