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Economics: Comic Assignment

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Economics: Comic Assignment
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  • CP24 News Station
  • New shipments of the new Covid-19 Vaccine called "Econ Vaccine" has arrived in Ontario.
  • This new vaccine is 100% safe and effective with no symptoms or casualties. The Econ Vaccine is now available at your local hospitals and pharmacies.
  • At a local clinic in Markham
  • I apologize ma'am, but I am unable to let you inside the pharmacy unless you are wearing a mask.
  • Next three people can now come in to get the Econ Vaccine.
  • This is utterly ridiculous!
  • Gas prices rise due to high demand and low supply of crude oil. The supply determinant is shortage of raw materials.
  • No problem!
  • Alright Violet, you can take a seat in the waiting room for 10 minutes to ensure you are feeling okay and leave after.
  • Okay thank you so much!
  • Near the elevator of the local clinic in Markham
  • Yes the number of suppliers causes the supply of the Econ Vaccine to increase. Also the demand remains the same, while the quantity demanded increases.
  • Wow can you believe how many pharmacies are now selling the Econ Vaccine?
  • Yes, everyone should get vaccinated to protect themselves and others around them.
  • You're right! And since many pharmacies are selling the Econ Vaccine, the equilibrium price decreases which is good for consumers.
  • Karen returns with her mask to get vaccinated
  • Move it Herald! I'm going to get the Econ Vaccine.
  • Oh no, Karen is back!
  • THE END
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