In each of the cases below, explain whether the change will lead to a shift in supply or a shift in demand and in which direction.
(i) You are studying the market for bananas. Suppose that the minimum wage that is paid to banana farm workers increases significantly.
(ii) You are studying the market for bananas. Suppose that a new and popular research report emerges that discusses previously unknown benefits of eating bananas.
(iii) You are studying the market for cars. Suppose that public transportation becomes free in the particular market that you are studying.
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Q90: When there is a shortage of highly
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Q92: (Figure: Market) Use the figure to answer
Q93: (Figure: Market) Use the figure to answer
Q95: In each of the cases below, explain
Q96: In each of the cases below, explain
Q97: You are studying the market for public
Q98: (Figure: Market) Use the graph to answer
Q99: (Figure: Market) Use the graph to answer
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