The following graph shows the market for cereal in New York City, where there are over 1,000 stores that sell cereal at any given moment. Supposethe Surgeon General issues a public statement saying that consuming cereal is bad for your health.Show the effect of this change on the market for cereal by shifting one or both of the curves on the following graph, holding all else constant.Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps backto its original position, just drag it a little farther.SupplyDemandSupplyDemandQUANTITY (Boxes)Now suppose Congress passes a tax cut that increases the income of New York City residents.If cereal is a normal good, this will cause the demand for cereal toPRICE (Dollars per box)

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Asked Jan 13, 2020
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The following graph shows the market for cereal in New York City, where there are over 1,000 stores that sell cereal at any given moment. Suppose
the Surgeon General issues a public statement saying that consuming cereal is bad for your health.
Show the effect of this change on the market for cereal by shifting one or both of the curves on the following graph, holding all else constant.
Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back
to its original position, just drag it a little farther.
Supply
Demand
Supply
Demand
QUANTITY (Boxes)
Now suppose Congress passes a tax cut that increases the income of New York City residents.
If cereal is a normal good, this will cause the demand for cereal to
PRICE (Dollars per box)
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The following graph shows the market for cereal in New York City, where there are over 1,000 stores that sell cereal at any given moment. Suppose the Surgeon General issues a public statement saying that consuming cereal is bad for your health. Show the effect of this change on the market for cereal by shifting one or both of the curves on the following graph, holding all else constant. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. Supply Demand Supply Demand QUANTITY (Boxes) Now suppose Congress passes a tax cut that increases the income of New York City residents. If cereal is a normal good, this will cause the demand for cereal to PRICE (Dollars per box)

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