Subject: Business economics  Question 1: 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 newspapers in your town Case 1: The salaries of journalists go up. Case 2: There is a big news event in your town, which is reported in the newspapers

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Subject: Business economics 

Question 1: 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 newspapers in your town
  • Case 1: The salaries of journalists go up.
  • Case 2: There is a big news event in your town, which is reported in the newspapers.
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