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Economics

The following markets, show whether change causes a shift in supply curve, a shift in demand curve, a movement along the supply curve, and/or a movement along the demand curve.

a.housing market: Consumers’ income fall. *shift in demand curve

b.tea market: the price of sugar goes down.*shift in demand curve

c. coffee market: there is a freeze in Brazil that severely damages the coffee crop.*shift in supply curve

d. fast food market: the number of fast-food restaurants in an area decreases.*shift in demand curve

e.peanut market in the U.S. Southeast: A drought lowers supply.* shift in supply curve

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9105941

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