Instructions: graph the demand or supply shift (whichever is applicable) and indicate the old and new
market equilibrium (P1/Q1/P2/Q2).
Q: If the minimum wage in Houston rises by 14%, how would I graph McDonalds?
a. What is the non-price determinant?
b. Does the shift cause a surplus or shortage?
c. Has the quantity/price at equilibrium risen or fallen?
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