Market for GasolinePriceSIPelDIQelQuantity9. Fewer COVID restrictions lead to more vacation and work travel by car.a. Shift only one curve on the graph and label the new curve (b. Surplus or Shortage immediately after the change in demand orchange in supply? (c. Label the surplus or shortage distance on the graph.d. Locate all new points (E2, Pe2, Qe2) on the graph.e. Pe2?f. Qe?Draw new curve and label as required. Write surplus or shortage in the requiredspace and show this distance on graph. Label all new points on graph as required.Write "increases, "decreases," or "indeterminate" next to Pe2? and Qe2? above. Ifone of these values is indeterminate, indicate this on the graph by addition a "?" tothe appropriate label.

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9. Fewer COVID restrictions lead to more vacation and work travel by car a. Shift only one curve on the graph and label the new curve ( b. Surplus or Shortage immediately after the change in demand or change in supply? ( c. Label the surplus or shortage distance on the graph. d. Locate all new points (E2, Pe2, Qe2) on the graph. i e. Pe2? t. Qe?

9. Fewer COVID restrictions lead to more vacation and work travel by car a. Shift only one curve on the graph and label the new curve ( b. Surplus or Shortage immediately after the change in demand or change in supply? ( c. Label the surplus or shortage distance on the graph. d. Locate all new points (E2, Pe2, Qe2) on the graph. i e. Pe2? t. Qe?

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter6: Supply, Demand, And Government Policies

Section: Chapter Questions

Problem 2CQQ

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