2. List the demand determinants and supply determinants and show how thy might shift the supply and demand functions. Show graphically the impact on the equilibrium price for more & less demand and more & less supply. Explain under each graph the reason and the direction of the shifts in the function.

2. List the demand determinants and supply determinants and show how thy might shift the supply and demand functions. Show graphically the impact on the equilibrium price for more & less demand and more & less supply. Explain under each graph the reason and the direction of the shifts in the function.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 45CTQ: Suppose both of these events took place at the same time. Combine your analyses of the impacts of...

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