Figure 2-10
We have just finished looking at supply and demand separately; next let’s examine what happens to price and quantity
when we have a simultaneous shift.
S
D
Hairspray Found To Aggrevate Allergies.
S F.
D
Minimum Wage Has Been Increased.
E.
S
D
High Tariffs Are Placed On
Imported Aluminum.
S D.
D
Taxes Are Increased For All
Hairspray Products.
C.
S
D
The Government Gives All
Hairspray Products A Subsidy.
S B.
D
The Price Of Aluminum Rises.
A.
Supply and Demand