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2.5 B)Shortages below equilibrium will drive up price that decrease quantity demanded and increase quantity supplied moving toward equilibrium Surpluses will drive down price that increase quantity demanded and decrease quantity supplied moving toward equilibrium
2.4 A) Demand shifts because people will start wanting that product more. The price will increase because people will want more no matter the price. The quantity will increase because people will keep buying the product
2.4 B) Supply will shift because there will be less workers. The price will increase to make up for the lost workers. The quantity will decrease because they won't be able to provide as much and the price will be higher.
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