04Question(2 points)
For the following questions, you need to determine whether each of the four
factors given creates a positive demand shock, a negative demand shock, a
positive supply shock, or a negative supply shock for the market in bold. For
example, if you are told, “Automobile workers receive higher wages: automobiles,”
you would indicate that the
supply
of automobiles will decrease due to higher
input costs, and the supply curve will shift to the left.”
Part2
(1
point)
4
Explanation
Factors
That
Shift
Demand
to
the
Left
(Decrease
Demand)
Quantity
Factors
That
Shift
Supply
to
the
Left
(Decrease
Supply)
we
‘Quatity
Factors
That
Shift
Demand
to
the
Right
Demand)
(increase
|e
‘uartity
Factors
That
Shift
Supply
tothe
Right
Increase
Supply)
fe
Quantity
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