Question: The situations below include an event and a market. For each situation, determine how the event would affect the market equilibrium price and quantity of

The situations below include an event and a market. For each situation, determine how the event would affect the market equilibrium price and quantity of the market, and sort the situation into the appropriate category.
HINT: Draw the Supply or Demand shift on a graph. Then you can read the graph to see what happened to the equilibrium price and quantity.
Items (8 items)(Drag and drop into the appropriate area below)
the cost of peanuts falls: peanut butterthe price of broccoli falls: carrotsthe U.S. government imposes a tariff on tequilaa serious military conflict in the Middle East breaks out: crude oilconsumer income increases: carsa faster espresso machine: cappuccinos at coffee shopsthe price of coffee rises: cream

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