ext, complete the following graph, labeled Scenario 2, by shifting the supply and demand curves in the same way that you did on the Scenario 1 raph. PRICE (Dollars per pen) 10 8 7 2 1 0 0 1 2 Equilibrium Object Price Quantity 4 Scenario 2 O True O False Supply Demand QUANTITY (Millions of pens) Scenario 1 8 ompare both the Scenario 1 and Scenario 2 graphs. Notice that after completing both graphs, you can now see a difference between them that asn't apparent before the shifts because each graph indicates different magnitudes for the supply and demand shifts in the market for pens. 9 10 se the results of your answers on both the Scenario 1 and Scenario 2 graphs to complete the following table. Begin by indicating the overall change the equilibrium price and quantity after the shift in demand or supply for each shift-magnitude scenario. Then, in the final column, indicate the sulting change in the equilibrium price and quantity when supply and demand shift in the direction you previously indicated on both graphs. If you annot determine the answer without knowing the magnitude of the shifts, choose Cannot determine. Demand Supply Change in Equilibrium Objects Scenario 2 When Shift Magnitudes Are Unknown ue or False: When both the demand and supply curves shift, the curve that shifts by the smaller magnitude determines the effect on the determined equilibrium object.

An action is not fraud unless (a) it involves a loss of value that exceeds $100 (b) it is done to obtain property to which the perpetrators is not entitled (c) the perpetrator is apprehended (d) it involves interstate business (e) none of the above

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Price (dollars per gallon) $5.50 3.50 2.50 0 30 40 45 D S2 S₁ Quantity (millions of gallons per month)