A) Explain what shift in demand would explain the observed price change.

B) Explain what shift in supply would explain the observed price.

obs: at least 150 words

 

Transcribed Image Text:

Dov Year Jan Oct Jul Aug Sep Feb Mar Apr May Jun 2010 3.811 3.736 3.565 3.641 3.664 3.697 3.857 3.935 4.174 4.175 4.467 4.146 2011 4.417 4.218 4.642 5.101 5.129 5.234 5.547 5.766 5.651 5.511 5.636 5.437 2012 5.497 5.382 5.558 5.513 5.596 5.582 5.723 5.693 5.693 5.888 6.066 5.921 2013 5.902 5.742 6.014 5.674 5.678 5.588 5.394 5.214 5.091 5.149 5.040 4.948 2014 5.025 5.002 5.005 5.204 5.153 4.670 5.099 5.167 5.215 5.032 4.713 4.590 2015 4.738 4.910 4.827 4.990 4.715 4.686 4.790 4.808 4.669 4.609 4.412 4.486 2016 4.498 4.447 4.405 4.428 4.443 4.481 4.428 4.316 4.372 4.309 4.306 4.281 2017 4.468 4.583 4.650 4.622 4.597 4.545 4.335 4.373 4.323 4.327 4.324 4.285 2018 4.291 4.267 4.343 4.313 4.294 4.306 4.174 4.197 4.053 2019 2020 4.174 4.250 4.334 4.396 4.466 4.517 4.536 4.504 4.487 4.522 4.485 4.520 Dov Year Jan Oct Jul Aug Sep Feb Mar Apr May Jun 2010 3.811 3.736 3.565 3.641 3.664 3.697 3.857 3.935 4.174 4.175 4.467 4.146 2011 4.417 4.218 4.642 5.101 5.129 5.234 5.547 5.766 5.651 5.511 5.636 5.437 2012 5.497 5.382 5.558 5.513 5.596 5.582 5.723 5.693 5.693 5.888 6.066 5.921 2013 5.902 5.742 6.014 5.674 5.678 5.588 5.394 5.214 5.091 5.149 5.040 4.948 2014 5.025 5.002 5.005 5.204 5.153 4.670 5.099 5.167 5.215 5.032 4.713 4.590 2015 4.738 4.910 4.827 4.990 4.715 4.686 4.790 4.808 4.669 4.609 4.412 4.486 2016 4.498 4.447 4.405 4.428 4.443 4.481 4.428 4.316 4.372 4.309 4.306 4.281 2017 4.468 4.583 4.650 4.622 4.597 4.545 4.335 4.373 4.323 4.327 4.324 4.285 2018 4.291 4.267 4.343 4.313 4.294 4.306 4.174 4.197 4.053 2019 2020 4.174 4.250 4.334 4.396 4.466 4.517 4.536 4.504 4.487 4.522 4.485 4.520

Answer rating: 100% (QA)

A The shift in demand would explain the observed price change because it is a decrease in the quanti... View the full answer