Review Question 3-7 Label each of the following scenarios with the correct combination of price change and quantity chan

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Review Question 3 7 Label Each Of The Following Scenarios With The Correct Combination Of Price Change And Quantity Chan 1 (31.95 KiB) Viewed 66 times

Review Question 3-7 Label each of the following scenarios with the correct combination of price change and quantity change. In some scenarios, it may not be possible from the information given to determine the direction of a particular price change or a particular quantity change. We will symbolize those cases as "P?" and "Q?", respectively. Scenario Price a. On a hot day, both the demand for lemonade and the supply of lemonade increase. Quantity (Click to select) b. On a cold day, both the demand for ice cream and the supply of ice cream (Click to select) (Cack to select) (Click to select) decrease. c. When Hawaii's Mt. Kilauea erupts violently, the demand on the part of tourists for sightseeing flights increases but the supply of pilots willing to provide these dangerous flights decreases. (Click to select): (Click to select) (Click to select) (Click to select) d. In a hot area of Arizona where they generate a lot of electricity with wind turbines, the demand for electricity falls on windy days as people switch off their air conditioners and enjoy the breeze. But at the same time, the amount of electricity supplied increases as the wind turbines spin faster.