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. Health clubs begin to offer extras to make going to health clubs easier, such as free parking and baby-sitting to encourage family memberships.
Definitions:
African Slaves
People from Africa who were forcibly transported to the New World and sold into slavery, primarily to work on plantations.
Bacon's Rebellion
A 1676 uprising in colonial Virginia, led by Nathaniel Bacon, against the colony's government for its failure to protect settlers from Native American raids.
Virginia
A state located in the Southeastern and Mid-Atlantic regions of the United States, known for its significant contributions to the formation of the nation's history and government.
Puritans
A religious group in the 16th and 17th centuries advocating for purification of the Church of England from Roman Catholic practices.
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