You areto illustrate shifts of a supply and demand graphvia PowerPoint or video evaluating the impact of market and non-market forces on supply and demand.

Directions:You may use your preferred drawing tool such as Paint, Word, Sway, PowerPoint or you can use pencil and paper.Capture your work it a presentation tool such as a short video or PowerPoint.The market for your graph is tennis balls. You are to show the following in the graph progression:

Draw and label the Y and X axis for this market

Draw a supply and demand curve/line, making sure to properly label the lines

Label the equilibrium e1

Now consider the effect of the following two events on the market for tennis balls:

*An increase in the cost of labor

*A decrease in the price of a tennis racquets

Draw the new supply and demand curve/lines

Label the new equilibrium e2