Demonstrate the effects of the following: 1· ThOprice support is place,ontea (Tea) 2. Income goes… 1 answer below »

Tea Be P 334 Graphical Analysis (1 Point Each). Demonstrate the effects of the following: 1· ThOprice support is place,ontea (Tea) 2. Income goes dowr Coffee) 3. A more efficient way of mass-producing gasoline is invented (Gasoline) A minimum price control is placed on beer (Beer) A war wipes out half of the automobile factories in a country (Automobiles) Kansas has a year of perfect farming weather (Wheat) The price of socks, a complement for shoes, goes up Shoes) Milk becomes more costly to produce. Milk is used in making butter. (Butter) Bcer Q 4. 5. 6. 7. 8. Pizza is discovered to prevent cancer (Pizza) 10. An increase in the legal drinking age (Beer)

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