The graph on the right shows the demand and supply curves in the market for workers in Starbucks coffee shops (called "baristas"). Assume that Starbucks baristas are unwilling to accept a wage lower than $10 per hour, causing the wage to be fixed at that level. Suppose that, due to concerns about the high number of calories in many Starbucks drinks, the demand for Starbucks products declines. Use a graph to explain what will happen to employment in the market for baristas? 1.) Using the line drawing tool, plot either a new labor supply or labor demand curve that would result from the decline in Starbucks sales. Label your line appropriately. 2.) Using the point drawing tool, plot a point that illustrates the new quantity of labor supplied when the wage rate is fixed at $10 per hour. Label your point 'A.' 3.) Using the point drawing tool, plot a point that illustrates the new quantity of labor demanded when the wage rate is fixed at $10 per hour. Label your point 'B.' Carefully follow the instructions above and only draw the required objects. C Wage 20- 18- 16- 14- 12- 10- 6- 4- 2- 0- 0 2 4 6 8 Quantity of labor 10 12 14 So Do 16 18 20

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

Please no written by hand solution

I can seem to figure out the last two questions I bolded: Why does the demand curve slope downward?  Why does the supply curve slope upward? Given the demand and supply schedules below:   Price (dollars per CD) Quantity Demanded (per day) Quantity Supplied (per day) 5.00 300 100 6.00 250 150 7.00 200 200 8.00 150 250 9.00 100 300   What is the market equilibrium?   If the price of CD is $6.00, describe the situation in the CD market. Explain how market equilibrium is restored.   A rise in incomes increases the quantity of CDs demanded by 100 a day at each price. What is the new equilibrium and how does the market adjust?   A rise in the number of recording studios increases the quantity of CDs supplied by 75 a day at each price. People download more music from the Internet and the quantity demanded of CDs decreases by 25 a day at each price. With no change in incomes, what is the new equilibrium and how does the market adjust?