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Name______________________________ Supply and demand practice Draw 2 shifts in each graph indicating how demand (D), supply (S), price (P), and equilibrium quantity exchanged (Q) are affected after taking into account all the events given. Assume all events have an impact on the market being considered. PUT ONE SYMBOL ONLY IN EACH BOX. a. D & S: Use “+” for a rightward shift, “-“ for a leftward shift, “0” for no shift, and “?” if the combined impact is unknown (a “+” combined with a “–” results in a “?”). b. P & Q: Use “+” for an increase, “-“ for a decrease, “0” for no change, and “?” if the combined impact is unknown (a “+” combined with a “–” results in a “?”). c. Label the S&D curves and draw the adjustment(s) on the graphs. 2. Trade Firms expect tuition School prices to fall due to enrollment new regulations; Firms increase hiring of tutors to comply with new regulations on graduation rates 3. Electric The Tesla and Chevy Cars Volt electric cars come onto the market; Electric cars are now allowed to drive in the carpool lane P Q Price S Quantity Price Event(s) D The iPad becomes a popular gift; The Public expects a new version will come out soon with more features and lower price Quantity Price Market 1. Tablet computers Quantity