Question: plot the graphs and illustrate how the consumer market affects the AD/AS graph US. economy Plot the graphs for the following on one page and
plot the graphs and illustrate how the consumer market affects the AD/AS graph

US. economy Plot the graphs for the following on one page and illustrate how the Consumer Market affects the AD/AS graph. Make sure to label your markets. Consumer market: using 5 lbs. of coffee beans for Q and $10 for P as point A (equilibrium). AD/AS graph: using 19.1 trillion for RGDP and 1.9% for ination as point A (equilibrium). 1) How will our AD/AS graph look like when Americans' incomes increase thereby increasing quantity of coffee beans in the consumer market? 2) How will our AD/AS graph look like when sales taxes increases on coffee beans thereby reducing the production of coffee beans in the consumer market? 3) How will our AD/AS graph look like when consumers expect the prices of coffee beans to increase in the near future thereby increasing quantity of coffee beans in the consumer market
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