Using shifts in supply and demand curves, describe two changes in the industry in which your firm operates. The changes may arise from a change in costs, entry/exit of firms, a change in consumer tastes, a change in the macroeconomy, a change in interest rates, or a change in exchange rates. Label the axes and state the geographic, product, and time dimensions of the demand and supply curves you are drawing. Explain what happened to industry price and quantity by making specific references to the demand and supply curves. One change should affect demand and the other, supply.

I WANT TO USE A SPORT VENUE AS MY FIRM

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