Refer to the Information Provided in Scenario 2 Below to Answer

Essay

Refer to the information provided in Scenario 2 below to answer the questions that follow.
SCENARIO 2: Graphically illustrate each of the following effects on the market for home fitness equipment with supply and demand curves. State the effects on price and quantity. Consider each effect separately.
-Refer to Scenario 2. The existence of a new health craze occurs simultaneously as new home exercise products enter the market.