The following graph shows the market for tortilla chip. Initially, the market is in a long-run equilibrium. Suppose that a change in tastes resulted in a leftward shift in demand. On the following graph, shift the demand or supply curve to reflect this change in tastes. Then use the grey point (star symbol) to indicate the new short-run equilibrium. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. 10 Short-run Supply Demand O Short-run Supply Short-run Equilibrium Demand Long-run Equilibrium 2 4 10 Long-run Supply QUANTITY (Thousands of bags) PRICE (Dollars per bag)

how do i graph?

Econ 2301 (Consumer Prices)When prices rise, there may be some ability to minimize the impact of higher prices, if you can substitute a less expensive alternative. Is this always possible?

Suppose that the policy-makers of a foreign country decide to enact policy that reduces unemployment (at the expense of higher prices) just before an election. At the time of the election, however, the reduction in unemployment is much greater than expected, and the pesky inflation increase never occurs. The graph illustrates the economy before the government attempts to reduce unemployment. Change the graph to illustrate changes in the economy that could result in lower unemployment without an increase in prices. Note that LRAS represents long-run aggregate supply, SRAS represents short-run aggregate supply, and AD represents aggregate demand. evel LRAS SRAS

HDI vs GNI formula to create scatterplot

Which of the following is the best statistic to measure what is happening to living standards over the long run?   Question 1 options:   Unemployment rate   Inflation rate   Real GDP per capita   Labour force participation rate