Question: Draw the graph associated with the following changes in the market. Clearly state whether demand, quantities demanded, supply, or quantities supplied is going to increase

  1. Draw the graph associated with the following changes in the market. Clearly state whether demand, quantities demanded, supply, or quantities supplied is going to increase or decrease. Also, draw the graph to show the change(s) that will occur. Label all your axis and curves. 

  3. I. Assume the price for laptops has decreased. What will happen in the market for laptops? 

  5. II. Assume the price of printers has gone up. What will happen to the market for toners? 

  7. III. Assume people's incomes go up. What will happen to the market for cars? 

  9. IV. Assume the technology used for producing Samsung tablets has improved drastically. What will happen in the market for Samsung tablet? 

  11. V. Assume the subsidies usually given to wheat farmers has been cut in half in the new farm bill. What will happen in the market for wheat.

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