Question: Changes to Equilibrium Take your homework from the previous lesson, and now indicate what would happen to Equilibrium. On the previous homework, you should have

Changes to Equilibrium Take your homework from the previous lesson, and now indicate what would happen to Equilibrium. On the previous homework, you should have indicated an "increase, decrease or neither" for Supply and Demand. Now, I want you to note what would happen to Equilibrium Price (P*) and Equilibrium Quantity (Q*). Make sure to highlight "why" you state this. (If you need the full Market Change, refer to your previous homework.) Therefore, for this assignment, indicate if both P* and Q* increase, decrease or neither. (Unlike the previous assignment, both can change in this one.)

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