Define impact of the shift on equilibrium price and quantity

Reference no: EM132135658

Question: Explain which direction the below referenced supply or demand curve will shift AND comment on the impact of the shift on equilibrium price and quantity.

a) John, who is a clothing producer, now has to pay more for cotton, an input good for his clothing.

b) Nancy recently found out she is getting a $1,000 raise this year.

c) Sharon decides to switch from a Mac to a PC because of her friend's recommendations.

Reference no: EM132135658

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