1. Decide whether the event shifts the supply or demand curve (or perhaps both).\ 2. Decide in which direction the curve shifts. 3. Use the siupply-and-demand diagram to see how the shift changes the equilibrium price and quantity.
Man-made causes of depletion of ozone layer: The main cause for the depletion of ozone is determined as excessive release of chlorine and bromine from man-made compounds such as chlorofluorocarbons (CFCs).
The ozone layer is composed of ozone, a molecule made up of three oxygen atoms bonded together. Most of the ozone on Earth accumulates in the stratosphere, a layer of the atmosphere between 15 and 30 kilometers above the Earth's surface. The ozone layer prevents the heat energy reflected by the Earth's surface from being re-radiated into space. This process traps heat on the Earth and keeps it warm.