After several years of decline, the market for handmade acoustic guitars is making a comeback. These guitars are usually made

After several years of decline, the market for handmade acoustic guitars is making a comeback. These guitars are usually made in small workshops employing relatively few highly skilled luthiers. Assess the impact on the equilibrium price and quantity of handmade acoustic guitars as a result of each of the following four events. In your answers, indicate which curve(s) shift(s) and in which direction. a. Environmentalists succeed in having the use of Brazilian rosewood banned in Canada, forcing luthiers to seek out alternative, more costly woods.


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