Answered: 4. A massive forest fire burns 500…

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter11: Public Goods And Common Resources

Section: Chapter Questions

Problem 8PA

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Tell whether demands are increase or decreasing . Answer 4,5,6,7

Transcribed Image Text:1. The Carolina Panthers win the Superbowl, MARKET: Jerseys 2. American can no longer drill oil in Alaska, MARKET: gas 3. The radiation from iPhones is found to cause cancer, MARKET: Android phones 4. A massive forest fire burns 500 acres, MARKET: Lumber 5. Hurricane Patricia floods Houston, MARKET: Asphalt 6. Lebron James says he eats Kimmy's Cupcakes, MARKET: Kimmy's Cupcakes 7. Teachers go on strike, MARKET: Substitute Teachers 8. Salmonella is found in Blue Bell ice cream, MARKET: Pet Ice Cream > 9. Listeria is found in Blue Bell ice cream, MARKET: Blue Bell ice cream 10. A disease kills 500 cows in California, MARKET: milk 11. The Hermes designer is found to be a racist, MARKET: Hermes purses 12. There is a storm prediction for an outdoor J. Cole concert, MARKET: Concert tickets 13. There is a storm prediction for an outdoor J. Cole concert, MARKET: Ponchos 14. There is a storm prediction for an outdoor J. Cole concert, MARKET: Netflix videos 15. Carowinds dramatically raises their prices for the summer, MARKET: Frankie's Fun Park 16. Keenan High School shuts down due to leaks in the roof, MARKET: Eau Claire High School 17. Mini blinds are found to have lead in them, MARKET: Curtains 18. Mini blinds are found to have lead in them, MARKET: Mini blinds 19. The price of a name brand HIV drug is marked up to $500 per pill, MARKET: generic drugs 20. Lee Nail Shop is found to have fungus, MARKET: Kim's nail shop.

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