Supply and Demand- End of Chapter ProblemThe market for many goods changes in predictable ways, according to the time of year, in response to events such as holidays,thevacation times, seasonal changes in production, and so on. For the following case, shift the supply and demand curvesgraph below and move the equilibrium point to its new position. Note that supply and demand may shift simultaneously.Case: The price of a Christmas tree is lower after Christmas than before, but fewer trees are sold.Market for Christmas TreesPage 256Market for Christmas TreesEQuantity of treesPrice per tree

The demand curve shows the association between the amounts of commodity demanded by the consumer at…

Supply and Demand-End of Chapter Problem The market for many goods changes in predictable ways, according to the time of year, in response to events such as holidays, vacation times, seasonal changes in production, and so on. For the following case, shift the supply and demand curves in the graph below and move the equilibrium point to its new position. Note that supply and demand may shift simultaneously. Case: The price of a Christmas tree is lower after Christmas than before, but fewer trees are sold. Marjet for Christmas Trees 1. aan ad a