Shift of Demand or Supply $(12$ points$)$

The following table shows shocks of different markets. Please identify whether the shock would

shift demand curve or supply curve $($assuming only one curve would shift from the shock$),$ the

direction of shift $($please use "right" or "left"$),$ and the change of equilibrium quantity and price

$($please use "increase" or "decrease"$)(1$ point each$)$Shift of Demand or Supply $(12$ points$)$

The following table shows shocks of different markets. Please identify whether the shock would

shift demand curve or supply curve $($assuming only one curve would shift from the shock$),$ the

direction of shift $($please use $$right$$ or $$left$),$ and the change of equilibrium quantity and price

$($please use $$increase$$ or $$decrease$)(1$ point each$)$

Market and Shock Shift of D or S$?$ Direction?

$($Right$/$left$)$

Change of

quantity?

$($In$/$decrease$)$

Change of

price?

$($In$/$decrease$)$

Coffee market; there are

several coffee shops closing.

Burgers and fries are

complements. Pickles $($one

ingredient for burgers$)$

becomes more expensive.

Analyze what would happen

to the burger market.

What would happen to the

fries market.