Directions: In the space provided, draw supply and demand for each of the following prompts. Label your axes with price and quantity. 1. Change in quantity demand caused by price 2. Change in quantity supply caused by price 3. Shift in Demand right and left caused by TIRES 4. Shift in Supply right and left caused by TIGERS

The following supply and demand schedule provides data regarding Burger King's Whopper burgers. Plot the supply and demand curves and answer the questions below. Whopper Burgers Price Quantity Demanded Quantity Supplied 4 7. 4 6. 2 What would explain a new equlibrium price and quantity at 7 dollars for 4 Whoppers? a. The price of ground beef increases twofold X b. Burger King engineers invent a new flame broiler that it three times more efficient at cooking burger patties C. Another Baby Boom occurs in the aftermath of the COVID pandemic d. The price of Big Macs drops significantly N O

Which of the following would NOT shift the supply curve of laptops to the right: *A.an advancement in the technology used in manufacturing laptopB.manufacturers’ expectations of lower watch prices in the futureC.an increase in the price of laptopD.a decrease in the wages/salaries of workers employed to manufacture laptops

Explain the situation in the market when a cost of grouper fingers is $7 per plate