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You are sourcing office supplies for your company and are purchasing Nerf guns for your annual employee team-building day. You notice that the price of
You are sourcing office supplies for your company and are purchasing Nerf guns for your annual employee team-building day. You notice that the price of Nerf guns has increased to nearly 1.5 times its price last year. Assuming the market for Nerf guns is competitive, there was only one change in the market, and there were no interventions in the Nerf gun market, what are two potential explanations for this price increase? Plot each on separate graphs and show how they increased the price. (6 points) 4. Y
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