4. Describe how the demand for an over-the-counter sinus
medication would change in the following situations? For each event
(i, ii, iii, iv and v), answer a), b), and c), questions below.
a. Does the supply curve or the demand curve shift? In which
direction?
b. State whether the equilibrium price and quantity increase,
decrease or stay the same.
c. Show the changes using a standard demand/supply diagram.
i. The local population increases.
ii. The price of another sinus medication...