Authors libby rittenberg 175
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economists have argued that such a measure would actually increase
infant fatalities. Can you say why?
6. The graphs below show four possible shifts in demand or in
supply that could occur in particular markets. Relate each of the
events described below to one of them.
Figure 3.25
1. How did the heavy rains in South America in 1997 affect the
market for coffee?
2. The Surgeon General decides french fries are not bad for your
health after all and issues a report endorsing their use. What
happens to the market for french fries?
3. How do you think rising incomes affect the market for ski
vacations?
4. A new technique is discovered for manufacturing computers
that greatly lowers their production cost. What happens to
the market for computers?
5. How would a ban on smoking in public affect the market for
cigarettes?
Attributed to Libby Rittenberg and Timothy Tregarthen
Saylor URL: />
Saylor.org
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