"A" represents the new quantity demanded, while "B" represents the new quantity supplied.
[___]
ABC
Supply curve:[___]
As a result of the development shown on this graph, prices will most likely[___].
As a result of the development shown on this graph, prices should[___].
equilibriumexcess supplyexcess demand
What change is taking place on this graph?
Which change is illustrated by the shift taking place on this graph?
What would tortilla manufacturers have needed to do in order to make the same profit?
Which factor affecting demand does this scenario illustrate?
Supply and demand are powerful forces in a free market.In four to five sentences, explain some of the factors that cause shifts in supply and demand and what the effects of these shifts are.
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