. Start in Equilibrium (be sure to label all relevant points) b. Change at least one of the ceteris paribus conditions.  This time, there’s been no change in the price of beer.  But a study was just released that shows, conclusively, that eating pizza makes you smarter. c. Examine the changed incentive.  Which curve(s) has(have) changed? Why? (i.e. – which of the ceteris paribus conditions have changed?) _______________________________________________________ d. Identify the change(s) in direction, and draw into the above market. e. Finish in equilibrium.  What are the effects on price and quantity?

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