Label axis and curves. Determine if the situation is a Demand or a Supply and specify which non-price determinants is involved. Illustrate on the graphs: O the new curve, the surplus OR shortage created the new Price at the new E 4. Answer the following scenarios for each of the next Non-Price questions 1 b) The minimum wage in Canada increased to 20$/h. Market of cheap noodles

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Label axis and curves.
Determine if the situation is a Demand or a Supply and specify which non-price determinants is involved.
Illustrate on the graphs:
o
the new curve,
the surplus OR shortage created
the new Price at the new E
4. Answer the following scenarios for each of the next Non-Price questions
1
b) The minimum wage in Canada increased to 20$/h.
Market of cheap noodles
X
Transcribed Image Text:Label axis and curves. Determine if the situation is a Demand or a Supply and specify which non-price determinants is involved. Illustrate on the graphs: o the new curve, the surplus OR shortage created the new Price at the new E 4. Answer the following scenarios for each of the next Non-Price questions 1 b) The minimum wage in Canada increased to 20$/h. Market of cheap noodles X
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