Question: Step 3 Comparative Statics In 100 words or less explain the shock to the market using comparative statics analysis. That is, decide whether the shock

Step 3 Comparative Statics In 100 words or less explain the

shock to the market using comparative statics analysis. That is, decide whether

Step 3 Comparative Statics In 100 words or less explain the shock to the market using comparative statics analysis. That is, decide whether the shock impacts demand or supply (or both), how does supply or demand change, and what is the overall outcome in the market on price and quantity compared to before the shock

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