Use graphs and written explanations for each of the following situations:

1. The effect of COVID supply chain shortages on the market for hobby cards.
2. A change in in the demographics of hobby card buyers towards older, wealthier individuals.
3. The effect on the market for Tom Brady's rookie hobby cards after he announces his retirement and a fire at a warehouse that stores some of these hobby cards.

Answer rating: 100% (QA)

1 Effect of COVID Supply Chain Shortages on the Market for Hobby Cards Graph Explanation Demand curve shifts leftward due to decreased consumer purcha... View the full answer