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The equilibrium price of toasters has recently gone up in Provincetown. Select ALL of the causes that could have potentially led to this price increase. Consider each cause separately.

A

The price of bread, a complement of toasters, has recently gone up.

B

Thanks to a boom year at a local factory, wages have gone up for most of the people in Provincetown.

C

Since the local factory shut down, a lot of people moved away from the town.

D

A very popular magazine article was just published about a new study that showed that toasting bread massively reduces its nutritional value.

E

Thanks to an improvement in manufacturing technology, the price of assembling a toaster has fallen.

F

Most toasters are made with a heating element made from nickel. Due to declining trade relations with a country with lots of nickel mines, the price of nickel has increased.

G

Provincetown shops The Toaster Store, Toasters R Us, and Toasterama have closed, leaving Toaster Chic as the only place in town to buy toasters.

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