Business, 19.02.2020 01:01, gabbihardy7980

Consider the impacts of the following on the supply and/or demand curves: In 2015 comma Chipotle suspended the sale of pork at one minus thirdIn 2015, Chipotle suspended the sale of pork at one−third of its restaurants due to animal welfare concerns comma andof its restaurants due to animal welfare concerns, and this had a significant impact on the amount of chickenthis had a significant impact on the amount of chicken entrees it sold to customers. entrees it sold to customers. nothing nothing nothing This shock will cause a ▼ rightward leftward shift of the ▼ supply demand curve. As a result of this the equilibrium price will ▼ rise fall and the equilibrium quantity will ▼ decrease increase . From 2007 to 2014, median income in the United States fell by 8%, shifting the demand for gasoline. During that same time period, crude oil prices fell 35%, shifting the supply of gasoline. At the new equilibrium, the quantity of gasoline sold is less than it was before. (Crude oil is used to produce gasoline.) The effect of this shock is that it causes the demand curve to ▼ shift left shift right remain unchanged and the supply curve to ▼ remain unchanged shift right shift left . The new equilibrium price in 2014 is ▼ the same as lower than higher than it was in 2007.

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Consider the impacts of the following on the supply and/or demand curves: In 2015 comma Chipotle sus...