In the space below each of the following, indicate the effect [increase (+), decrease (-)] on equilibrium price (P) and equilibrium quantity (Q) of each of these changes in demand and/or supply. ![In the space below each of the following, indicate the effect [increase (+), decrease (-)] on equilibrium price (P) and equilibrium quantity (Q) of each of these changes in demand and/or supply.](https://d2lvgg3v3hfg70.cloudfront.net/TB6686/11eacf22_e927_d259_aab5_d76b8f743d3d_TB6686_00.jpg)
Definitions:
Vacation Benefits
Benefits offered by employers that provide employees with paid time off based on the length of service or other criteria.
Earn
To receive income in exchange for services rendered or as a return on investment.
Accumulate
The process of collecting or gathering an increasing quantity of a particular item or data points over time.
Post-Retirement Benefits
Benefits that an employee begins to receive after retiring from a company, including pensions, health insurance, and life insurance.
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