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Question: Draw two Supply and Demand graphs (one for each problem) and show what happens to price and quant...

Show transcribed image text Draw two Supply and Demand graphs (one for each problem) and show what happens to price and quantity a. in the market for chocolate ice cream when new technology improves production. b. in the market for cigarettes when taxes are dropped.

Draw two Supply and Demand graphs (one for each problem) and show what happens to price and quantity a. in the market for chocolate ice cream when new technology improves production. b. in the market for cigarettes when taxes are dropped.