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ECN201Assignment2_JReynold.docx

Event

Market for:

Price

Demand

Curve

Supply

Curve

Quantity

Demanded

Quantity

Supplied

A severe drought hits the Midwest corn growers

Corn

The U.S. government reduces taxes on imported lumber

New Home Building

The federal government raises the minimum wage from $7.25 per hour to $11.00 per hour

Minimum wage jobs

Technology improves for automobile assembly

Autos