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  3. the following counts as questions 4 and 5 for each...

Question: the following counts as questions 4 and 5 for each...

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The following counts as questions 4 and 5 For each of the 1) state whether demand or supply is being impacted, 2) determine which shifter is changing, and 3) whether the demand or supply (based on your earlier answer) is increasing or decreasing. a. Five new restaurants open in a town. Market: restaurants b. A tax is placed on the purchasers of new yachts. Market: yachts c. Incomes level fall. Market: Filet mignon, a normal good d. Bell bottom jeans come back into style. Market: Bell bottom jeans e. Cheese increases in price. Market: Pizza g. h. A new machine allows tires to be produced significantly faster. Market: tires The price of a widget increases. Market: gadgets (which are produced by the same company that produces widgets) 8
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