Show an increase in supply and label it s1

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Reference no: EM131482815

Question: Using the figures above, answer the following questions:

a. On the Demand panel:

¦ Show an increase in demand and label it D1.

¦ Show a decrease in demand and label it D2.

¦ Show an increase in quantity demanded.

¦ Show a decrease in quantity demanded.

¦ What causes demand to change?

¦ What causes quantity demanded to change?

b. On the Supply panel:

¦ Show an increase in supply and label it S1.

¦ Show a decrease in supply and label it S2.

¦ Show an increase in quantity supplied.

¦ Show a decrease in quantity supplied.

¦ What causes supply to change?

¦ What causes quantity supplied to change?

Reference no: EM131482815

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