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1) In each of the following scenarios determine how the supply and/or demand curves will shift...

1) In each of the following scenarios determine how the supply and/or demand curves will shift and state what will happen to equilibrium p and q. Also illustrate the changes with a graph.

a) Families begin having half as many children, on average, than they were having in previous generations.

b) Building rent, where many schools are located, increases.

c) The government begins to offer tax breaks to parents in order to offset the purchase of school supplies.

d) The price of uniforms decreases and the number of teachers entering the labor market increases.

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