You know the following facts:
a) the Boston Celtics have just won the 1989 NBA championships with the LA Lakers.
Both Larry Bird and Magic Johnson, wearing Converse basketball shoes, have played
magnificently. As a result, millions of young boys and girls wish to emulate them in
every particular.
b) Converse announces major labor strikes by 50% of their employees.
What is the effect on Price and Quantity exchanged in the market for Converse
basketball shoes?
