Problem
1. Give one example from actual firms or industries for each of the factors that cause changes in supply. Draw a graph for each example showing what happens to price and quantity supplied.
2. Do you agree with this statement: "As price goes up, demand goes down"? Explain your answer.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.