| Question | For each statement draw a diagram illustrating the likely effect on the market for Greyhound bus tickets. Show the impact on the equilibrium price and quantity. If the event causes a shift in either supply or demand schedule indicate which variable caused the shift in supply or demand. 1- A Greyhound bus crashes and kills 50 passengers. 2- Greyhound bus company starts charging a fee for each piece of luggage. 3- The cost of gas rises. 4- The bus drivers receive an increase in their wage. |
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| Subject | business-economics |
