1. The incomes of consumers goes up. What assumption are you making about tennis rackets? Label the axes and the curves on each graph. 2. The price of graphite increases. 3. The price of tennis balls increases.

1. The incomes of consumers goes up. What assumption are you making about tennis rackets? Label the axes and the curves on each graph. 2. The price of graphite increases. 3. The price of tennis balls increases.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 1CQQ

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Question

1. The incomes of consumers goes up.
What assumption are you making about tennis rackets?
Label the axes and the curves on each graph.
2. The price of graphite increases.
3. The price of tennis balls increases.

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