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Show in a diagram the effect on the demand curve, the supply curve, the equilibrium price, and the equilibrium quantity of each of the following events.  The market for food available at the 100 canteen Case 1: students are becoming health conscious.   Case 2: students have classes from morning to evening with only 15 min break between classes.

Show in a diagram the effect on the demand curve, the supply curve, the equilibrium price, and the equilibrium quantity of each of the following events.  The market for food available at the 100 canteen Case 1: students are becoming health conscious.   Case 2: students have classes from morning to evening with only 15 min break between classes.

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter5: Markets In Motion And Price Controls
Section: Chapter Questions
Problem 2P
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Show in a diagram the effect on the demand curve, the supply curve, the equilibrium price, and the equilibrium quantity of each of the following events. 

  1. The market for food available at the 100 canteen

Case 1: students are becoming health conscious.  

Case 2: students have classes from morning to evening with only 15 min break between classes. 

  1. The market for micro-economics textbook 

Case 1: Ms Sara makes it mandatory for all her students to have the textbook in class. 

Case 2: The bookstore at 100 finds technology to lower his printing cost.  

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