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Economics graph showing supply and demand curves for athletic shoes.

Economics graph showing supply and demand curves for athletic shoes.
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Analyze the effects of each news headline about the athletic shoe market. For each event, • label the axes, demand curve, and supply curve. • explain the effect of the event on the demand or supply curve for athletic shoes. • graph the resulting change in equilibrium price and equilibrium quantity of athletic shoes. The first headline is completed for you. Effect of Headlines on the Athletic Shoe Market 1 Price of Rubber Increases Dramatically Price of Athletic Shoes Q1 Quantity of Athletic Shoes Because of an increase in the cost of inputs, the supply curve will decrease, or shift to the left. Equilibrium price increases. Equilibrium quantity decreases. &i Draw Search L DALL 2 Movie Increases Popularity of Athletic Shoes コ See more

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