While you read the scenario keep in mind what each person or a couple may need to purchase in the near future and why they may have to use credit for those purchase.

James has just graduated from law school and will begin his new career in a new city at the beginning of the month James has found an apartment, but it is several miles from his officeWhat costs might James be facing with a new professional career, a new apartment, a new city, and his office not in walking distance? While you read the scenario keep in mind what each person or a couple may need to purchase in the near future and why they may have to use credit for those purchase.

Describe what each person or couples from the scenario may need to purchase the new future and why they may have to use credit for those purchases.

Ange in supply or (ii) a movement along the supply curve. a. during a real estate boom that causes house prices to rise, more homeowners put their houses up for sale. b. many strawberry farmers open temporary roadside stands during harvest season, even though prices are usually low at that time. c. immediately after the school year begins, fewer young people are available to work. fast-food chains must raise wages, which represent the price of labor, to attract workers. d. many construction workers temporarily move to areas that have suffered hurricane damage, lured by higher wages. e. since new technologies have made it possible to build larger cruise ships (which are cheaper to run per passenger), caribbean cruise lines have offered more cabins, at lower prices, than before. 2. in the following three situations, the market is initially in equilibrium. after each event described below, does a surplus or shortage exist at the original equilibrium price? what will happen to the equilibrium price as a result? a. in 2010 there was a bumper crop of wine grapes. b. after a hurricane, florida hoteliers often find that many people cancel their upcoming vacations, leaving them with empty hotel rooms. c. after a heavy snowfall, many peop