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More Shifts to Demand and Supply Curves - Equilibrium Analysis - Intro to Microeconomics

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Published on Jul 3, 2012

Several applications and solutions to supply and demand curve shifts.

Find more solutions at:
https://sites.google.com/site/curtisk...

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This video offers a solution to the following question:

Use a diagram to illustrate how each of the following events affects the equilibrium price and quantity of pizza.
a. The price of mozzarella cheese rises.
b. The health hazards of hamburgers are widely publicized.
c. The price of tomato sauce falls
d. The incomes of consumers rise and pizza is an inferior good.
e. Consumers expect the price of pizza to fall next week.

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from Krugman Wells -- Microeconomics 2nd Ed. -- Chapter 3, Question 17

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