Data Response: Supply and Demand

There are two aspects of the test that I could improve on. One, is understanding the article and what sort of graph would clearly reflect the ideas in the article. In one of my graphs, I shifted the wrong curve. Perhaps understanding STORES and TOEISS a little better would help me with my graphs. The second aspect that needs improvement is the evaluation. If I first analyzed what “kind of good” real ale is, I could have made some connection to the probable decision of increasing the price of real ale. By taking note that real ale is a Veblen good, I could have recognized the pros in increasing the price.