1. Draw (and upload) a PPF for laptops and pizzas. Include the following in your drawing:
An efficient point. Label it E.
An inefficient point. Label it I.
An impossible point. Label it M.
Always label your axes.
2. Draw a demand and supply curve for pizza.
a. Label the equilibrium price P1.
b. Label the equilibrium quantity Q1.
c. Depict a supply curve shift to the supply left.
e. Label the new equilibrium P2 and Q2.
f. Give two reasons why the supply curve can shift to the right.
g. Depict a demand curve shift to the right.
h. Give two reasons why the demand curve can shift to the right.
i. Label the new equilibrium P3 and Q3.
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