Econ

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Storyboard Description

demand and supply

Storyboard Text

  • You have been a very good worker.
  • Thanks.
  • I will give you a raise.
  • Since she has more income, her demand will increase so there will be a shift to the right in the demand curve.
  • The cost of flour has increased .
  • The input cost of bread has increased  so I will make less bread.
  • Since the input cost of bread has increased, the supply of bread will decrease and cause a shift to the left in a supply curve.
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