Day. 2. The market for rental housing in D.C.: house sales prices decrease. 3. The market for health care: the over-65 population is expected to increase by 20%, and the number of doctors who are willing to participate in managed care decreases.

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Chapter1: Making Economics Decisions
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1:29
1 Gmail
Project (F14): Demand and Supply Shifts
For the following questions, please indicate graphically the effects of the
specified changes on supply and/or demand, and on equilibrium price and
quantity exchanged:
I
1. The market for Chocolate: Valentine's Day.
2. The market for rental housing in D.C.: house sales prices decrease.
3. The market for health care: the over-65 population is expected to
increase by 20%, and the number of doctors who are willing to participate
n managed care decreases.
4. The market for hot dogs: decreased price of hot dog buns.
5. The
adversely affects the peanut crop in Georgia.
6. The market for dogs: a study in Geriatrics Today indicates that the
companionship of pets increases longevity, and breeders (but not
consumers) correctly perceive that the future price of dogs will increase.
7. The market for higher education: the teenage population drops and
professors demand higher wages.
8. The market for gold: expectations are that the future price of gold will
increase.
9. The market for gold: the current price of gold increases.
10. The market for tuna: the price of salmon increases, and a number of
fishermen leave the trade.
11. The market for restaurants: the winter's weather discouraged folks from
going out to eat, and there is a decrease in the number of available
waiters
12. The market for history books: Oprah Winfrey's Book Club recommends a
series on American History, and ebooks decrease the publishing costs to
almost zero.
13. The market for football tickets: after the controversial decisions of the NFL
regarding domestic violence, women stop watching football.
arket for peanut butter: the price of jelly increases, and the weather
Transcribed Image Text:1:29 1 Gmail Project (F14): Demand and Supply Shifts For the following questions, please indicate graphically the effects of the specified changes on supply and/or demand, and on equilibrium price and quantity exchanged: I 1. The market for Chocolate: Valentine's Day. 2. The market for rental housing in D.C.: house sales prices decrease. 3. The market for health care: the over-65 population is expected to increase by 20%, and the number of doctors who are willing to participate n managed care decreases. 4. The market for hot dogs: decreased price of hot dog buns. 5. The adversely affects the peanut crop in Georgia. 6. The market for dogs: a study in Geriatrics Today indicates that the companionship of pets increases longevity, and breeders (but not consumers) correctly perceive that the future price of dogs will increase. 7. The market for higher education: the teenage population drops and professors demand higher wages. 8. The market for gold: expectations are that the future price of gold will increase. 9. The market for gold: the current price of gold increases. 10. The market for tuna: the price of salmon increases, and a number of fishermen leave the trade. 11. The market for restaurants: the winter's weather discouraged folks from going out to eat, and there is a decrease in the number of available waiters 12. The market for history books: Oprah Winfrey's Book Club recommends a series on American History, and ebooks decrease the publishing costs to almost zero. 13. The market for football tickets: after the controversial decisions of the NFL regarding domestic violence, women stop watching football. arket for peanut butter: the price of jelly increases, and the weather
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