Draw new curve and label as required. Write surplus or shortage in the required space and show
Question:
Draw new curve and label as required. Write surplus or shortage in the required space and show this distance on graph. Label all new points on graph as required. Write "increases," "decreases," or "indeterminate I one of these values is indeterminate, indicate this on the graph by addition a "?" to the appropriate label.11. Each of the above events happen at the same time in the Electric Leaf Blower Market.a. Place your shift from #9 and your shift from #10 both on the graph and label the new curves (0.5 pt.)b. Locate all new points (E2, Pe2, Qe2) on the graph. (1.5pt.) (4 total pts. to be awarded between e. and f.)e. Pe2?f. Qe?Draw new curves and label as required. Label all new points on graph as required. Write "increases, "decreases," or "indeterminate next to Pe2? and Qe2? above. If one of these values is indeterminate, indicate this on to the appropriate labelHint: On this graph you should have one demand shift and one supply shift. This means that if you think in both 9a and 10a there is a demand shift, then one of them must be wrong. Go back and think about each of thos if you think in both 9a and 10a there is a supply shift, again, you've got one wrong. Go back and think about each of those situations again.
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez