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1. For each of the following products explain whether the change in market price and quantity sold reflects a shift in supply or a shift in demand.

Product

Prices

Quantity sold

Supply or demand curve shift?

Munchies in Massachusetts after pot legalization

Up

Up

 

Pot in Massachusetts after it is legalized

Down

up

 

Natural gas in Ukraine after Russia off exports

Up

down

 

VCR players

down

down

 

2. Review Real World Micro, chapter 3.5, Campus Struggles Against Sweatshops Continue by Sarah Blaskey and Phil Gasper. Do you think that your choices as a consumer can change the way businesses treat their workers?

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Nusrat Fatima
Nusrat FatimaLv10
28 Sep 2019

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