Describe how changes in price and/ or quantity of various goods and services will affect either supply?

Question

or demand and the equilibrium price

Hurricanes in the Gulf Coast

Price of hot dogs increases

Price of sugar increases

New auto company opens in Detroit

War in Middle East

Movie theaters increase admission prices

Very trendy designer handbag manufacturer enters the market

Cost of cotton decreases

Tennis racquets decrease in price

Technology improves efficiency in pasta manufacturing

Answer 1

When the cost of cotton decreases, describe how changes in price or quantity of the goods and services affect either supply or demand and the equilibrium price