With these questions just state what changes (demand or supply), how it changes (increase or decrease), and the effect on equilibrium price and quantity.Note that you do not have to provide graphs for these problems (but please feel free to graph out the solution if it helps you).

1. The market for peanut butter

A.The government removes a tax from the production of peanut butter.

B.The price of jelly has decreased.

2 . The current market for flash drives

A. Advertisements announce that flash drives will be half-price next week.

B. Improvements in technology have made flash drives easier to make.