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For each of the following draw well labeled graphs that illustrates the likely effect on the MARKET for EGGS.

6. For each of the following draw well labeled graphs that illustrates the likely effect on the MARKET for EGGS. Indicate in each case the impact on equilibrium quantity (Q*) and equilibrium price (P*) for eggs.
a) A surgeon warning that high cholesterol foods can cause heart attacks.
b) A decrease in the price of bacon.
c) An increase in the price of chicken feed
d) Caesar salads become trendy at dinner parties and the salad dressing is made from raw eggs.
e) A technological innovation that reduces egg breakage during packing

This question was asked on Jan 31, 2013.

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