Macy's, Kmart, JCPenney: More Retailers Closing Brick-and-Mortar Stores As more people choose online retailing over brick-and-mortar stores, Macy's, Kmart, JCPenney, and others are closing stores. Source: Springfield News-Sun, March 24, 2017 1. Draw a curve to show the PPF for retailing before the Internet is available. Label it. 2. Draw a curve to show the PPF for retailing after the Internet is available and stores began closing. Label it. *** 20- 18- 16- 14- 12- 10- 8- 6- 4- 2- 0- Online retailing (millions of units) 1 9 10 Brick and mortar retailing (millions of units) >>> Draw only the objects specified in the question.

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter2: Economic Tools And Economic Systems
Section: Chapter Questions
Problem 3.6P
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G, 2 

Economics 

 

Macy's, Kmart, JCPenney: More Retailers Closing Brick-and-Mortar
Stores
As more people choose online retailing over brick-and-mortar stores,
Macy's, Kmart, JCPenney, and others are closing stores.
Source: Springfield News-Sun, March 24, 2017
1. Draw a curve to show the PPF for retailing before the Internet is
available. Label it.
2. Draw a curve to show the PPF for retailing after the Internet is available
and stores began closing. Label it.
20-
18-
16-
14-
12-
10-
8-
6-
44
2-
0-
0
Online retailing (millions of units)
8 9
Brick and mortar retailing (millions of units)
>>> Draw only the objects specified in the question.
10
Q
OON
5
Transcribed Image Text:Macy's, Kmart, JCPenney: More Retailers Closing Brick-and-Mortar Stores As more people choose online retailing over brick-and-mortar stores, Macy's, Kmart, JCPenney, and others are closing stores. Source: Springfield News-Sun, March 24, 2017 1. Draw a curve to show the PPF for retailing before the Internet is available. Label it. 2. Draw a curve to show the PPF for retailing after the Internet is available and stores began closing. Label it. 20- 18- 16- 14- 12- 10- 8- 6- 44 2- 0- 0 Online retailing (millions of units) 8 9 Brick and mortar retailing (millions of units) >>> Draw only the objects specified in the question. 10 Q OON 5
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