If the material that the good was made out of became more difficult to obtain, how would the likely response be reflected in the graph? A. The supply curve would shift to the right. B. Neither curve would shift. C. The supply curve would shift to the left. D. The demand curve would shift to the right.
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| A. |
The supply curve would shift to the right.
|
| B. |
Neither curve would shift.
|
| C. |
The supply curve would shift to the left.
|
| D. |
The demand curve would shift to the right.
|
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- For each question start with a supply and demand graph of the market for tennis rackets. What happens to supply or demand in each scenario? Explain why and show on graph labeling the new equilibrium point.make your own supply and demand curve problem and graph and interpret your own graphFor each of the events described below, sketch a supply and demand graph that illustrates the event. Be sure to properly label all curves and relevant points in your graph. In the area to the left of your graph, explain why you think your graph is correct. In that area, also answer the questions asked. Boba tea. Getting a cup of boba tea before class becomes the popular thing to do in Berkeley. Even people who had never heard of boba tea before moving to Berkeley are now drinking it. At the same time, more boba tea shops open in Berkeley. What is the effect on the price of a cup of boba tea? On the number of cups of boba tea sold purchased in Berkeley per month?
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