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Scenario 1

Scenario 1. Medical researchers discover that eating Lucky charms makes people cool. Scenario 2. It’s no longer fashionable to wear leg warmers. Scenario 3. The Government subsidizes the growers of Watermelons. Scenario 4. Government places an excise tax on underarm deodorant. Scenario 5.

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Scenario 1

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  1. Scenario 1 • Medical researchers discover that eating Lucky charms makes people cool

  2. Scenario 2 • It’s no longer fashionable to wear leg warmers

  3. Scenario 3 • The Government subsidizes the growers of Watermelons.

  4. Scenario 4 • Government places an excise tax on underarm deodorant.

  5. Scenario 5 • Government reduces the driving age to 14, how would this affect the market for gasoline?

  6. Scenario 6 • Education is no longer compulsory. How would this affect the market for teachers? (labor mkt.)

  7. Scenario 7 • McDonald’s starts using highly efficient robots to make Big Macs.

  8. Scenario 8 • The Americans and British bomb German tank factories during WW 2

  9. Scenario 9 • Americans experience an increase in income. How would this affect the market for expensive Porterhouse steaks?

  10. Scenario 10 • Americans experience an increase in income. How would this affect the market for powdered milk?

  11. Scenario 11 • How would an increase in Savings affect the market for savings and loans?

  12. Scenario 12 • University of Georgia discovers a new fertilizer that increases cotton crop yields.

  13. Scenario 13 • The courts determine that Microsoft is a monopoly in the software industry and divides the company.

  14. Scenario 14 • The price of oil goes up to $100 /barrel. How would this affect the market for gasoline?

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