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Consider the products below and draw a market graph

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Consider the products below and draw a market graph with P and Q of equilibrium. Then, consider how the event described affects the D or S, and predict the direction of change for the P and Q of equilibrium;Red wine. A major medical journal reports a link between red wine consumption and fewer heart attacks.;Scottish Terrier puppies. A Scottish Terrier wins the nation's most important dog show.;New houses. The Chairman of the Federal Reserve Board announces that the housing slump may not hit bottom until late 2010.;Bread (made from wheat). The demand for corn as a source of alternative fuel increases dramatically, and farmers produce more corn and less wheat.;Men's dress shirts. A men's clothing chain has a big sale on suits.

 

Paper#26419 | Written in 18-Jul-2015

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