Tollowing graph shoWs the market Tor pear ver, where there are more than a es that Sell peanut butter at any given moment. Suppose a new scientific study shows that Vancouver is the most polluted city in the world. Due to health concerns, a significant number of families move out of the city. Show the effect of this change on the market for peanut butter by shifting one or both of the curves on the following graph, holding all else constant. Supply Demand O Supply Demand QUANTITY (Jars) PRICE (Dollars per jar)

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
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The following graph shows the market for peanut butter in Vancouver, where there are more than a thousand stores that sell peanut butter at any
given moment. Suppose a new scientific study shows that Vancouver is the most polluted city in the world. Due to health concerns, a significant
number of families move out of the city.
Show the effect of this change on the market for peanut butter by shifting one or both of the curves on the following graph, holding all else constant.
Supply
Demand
Supply
Demand
QUANTITY (Jars)
PRICE (Dollars per jar)
Transcribed Image Text:The following graph shows the market for peanut butter in Vancouver, where there are more than a thousand stores that sell peanut butter at any given moment. Suppose a new scientific study shows that Vancouver is the most polluted city in the world. Due to health concerns, a significant number of families move out of the city. Show the effect of this change on the market for peanut butter by shifting one or both of the curves on the following graph, holding all else constant. Supply Demand Supply Demand QUANTITY (Jars) PRICE (Dollars per jar)
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