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 gasoline-powered cars in the United States. Suppose that there is a major shift in auto production from gasoline-powered vehicles to electric vehicles.
(ii) You are studying the tourism market in Egypt. Suppose that there is a political disturbance that causes a heightened sense of insecurity in the country.
(iii) You are studying the market for acai berry juice. Suppose that there is a significant increase in the price of acai berries.

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The Answer of 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 gasoline-powered cars in the United States. Suppose that there is a major shift in auto production from gasoline-powered vehicles to electric vehicles.
(ii) You are studying the tourism market in Egypt. Suppose that there is a political disturbance that causes a heightened sense of insecurity in the country.
(iii) You are studying the market for acai berry juice. Suppose that there is a significant increase in the price of acai berries.

In Each of the Cases Below, Explain Whether the Change