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October 23, 2014

Homework Help: economics

Posted by allie on Monday, September 26, 2011 at 4:21am.

Can you please exlain to me if I'm wrong not just correct me.
ps. Ceteris paribusor

the following markets, show whether change causes a shift in supply curve, a shift in demand curve, a movement along the supply curve, and/or a movement along the demand curve.
a.housing market: Consumers’ income fall. *shift in demand curve
b.tea market: the price of sugar goes down.*shift in demand curve
c. coffee market: there is a freeze in Brazil that severely damages the coffee crop.*shift in supply curve
d. fast food market: the number of fast-food restaurants in an area decreases.*shift in demand curve
e.peanut market in the U.S. Southeast: A drought lowers supply.* shift in supply curve

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