1 / 45

Understanding Supply and Demand Shifts in Various Scenarios

Learn how different factors such as natural disasters, consumer preferences, technological advancements, and government regulations impact the price and quantity of goods in the market through supply and demand analysis.

ellis
Télécharger la présentation

Understanding Supply and Demand Shifts in Various Scenarios

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Practicing Supply and Demand Draw the curves, shift the one that is appropriate and determine the effect on price and quantity

  2. G: heating oilS: coldest winter in 20 yearsR:

  3. G: heating oilS: coldest winter in 20 yearsR: preferences S P2 P1 Price D1 D Q1 Q2 Quantity

  4. G: Domestic oilS: Hurricane devastates U.S. Gulf Coast

  5. G: Domestic oilS: Hurricane devastates U.S. Gulf CoastR: Number of Sellers S2 S1 P2 Price P1 D Q2 Q1 Quantity

  6. G: Nintendo WiiS: Becomes the Must-Have-Game System during DecemberR:

  7. G: Nintendo WiiS: Becomes the Must-Have-Game System during DecemberR: preferences S P2 P1 Price D1 D Q1 Q2 Quantity

  8. G: Sony PS3S: Manufacturing Plants suffer breakdownsR:

  9. G: Sony PS3S: Manufacturing plants suffer breakdownsR: technology S2 S1 P2 Price P1 D Q2 Q1 Quantity

  10. G: Housing in Southern CaliforniaS: 1 million new people immigrate to CaliforniaR:

  11. G: Housing in Southern CaliforniaS: 1 million new people immigrate to CaliforniaR: number of buyers S P2 P1 Price D1 D Q1 Q2 Quantity

  12. G: Indianapolis Colts TicketsS: Colts go to the ChampionshipsR: Note: a Fixed Supply curve

  13. S G: Indianapolis Colts TicketsS: Colts go to the ChampionshipsR: preferencesNote: a Fixed Supply curve P2 P1 Price D1 D Q1 Quantity

  14. G: Chicago Bears JerseysS: Bears win the Super BowlR:

  15. G: Chicago Bears JerseysS: Bears win the Super BowlR: preferences S P2 P1 Price D1 D Q1 Q2 Quantity

  16. G: Hotel Rooms in CancunS: Spring BreakR: Note: fixed Supply curve

  17. S G: Hotel Rooms in CancunS: Spring BreakR: preferences/ number of buyersNote: fixed Supply curve P2 P1 Price D1 D Q1 Quantity

  18. G: Baseball MittsS: Trade agreement with Vietnam removes import quotas on goods made in VietnamR:

  19. G: Baseball MittsS: Trade agreement with Vietnam removes import quotas on goods made in VietnamR: govt restrictions S1 S2 P1 Price P2 D Q1 Q2 Quantity

  20. G: CD PlayersS: iPodR

  21. G: CD PlayersS: iPodR: substitutes S P1 P2 Price D D1 Q2 Q1 Quantity

  22. G: SUVsS: Gas hits $5.00 a gallonR:

  23. G: SUVsS: Gas hits $5.00 a gallonR: complements S P1 P2 Price D D1 Q2 Q1 Quantity

  24. G: Britney Spears cdS: Britney gains 100 pounds

  25. G: Britney Spears cdS: Britney gains 100 poundsR: preferences S P1 P2 Price D D1 Q2 Q1 Quantity

  26. G: DiapersS: Baby BoomR:

  27. G: DiapersS: Baby BoomR: number of buyers S P2 P1 Price D1 D Q1 Q2 Quantity

  28. G: BeefS: Mad Cow DiseaseR:

  29. G: BeefS: Mad Cow DiseaseR: preferences S P1 P2 Price D D1 Q2 Q1 Quantity

  30. G: ChickenS: Mad Cow DiseaseR:

  31. G: ChickenS: Mad Cow DiseaseR: substitutes  S P2 P1 Price D1 D Q1 Q2 Quantity

  32. G: Krispy Kreme DonutsS: Low Carb Craze sweeps nationR:

  33. G: Krispy Kreme DonutsS: Low Carb Craze sweeps nationR: preferences S P1 P2 Price D D1 Q2 Q1 Quantity

  34. G: AutomobilesS: Government requires seat belts, air bagsR:

  35. G: AutomobilesS: Government requires seat belts, air bagsR: govt. restrictions S2 S1 P2 Price P1 D Q2 Q1 Quantity

  36. G: Flu VaccinesS: Government provides vaccine makers tax breaksR:

  37. G: Flu VaccinesS: Government provides vaccine makers tax breaksR: subsidies S1 S2 P1 Price P2 D Q1 Q2 Quantity

  38. G: Agricultural Crops (i.e. lettuce, grapes, etc.)S: Agricultural workers strike and receive a raiseR:

  39. G: Agricultural Crops (i.e. lettuce, grapes, etc.)S: Agricultural workers strike and receive a raiseR: inputs S2 S1 P2 Price P1 D Q2 Q1 Quantity

  40. G: Dairy ProductsS: Hormones that increase dairy milk production developed R:

  41. G: Dairy ProductsS: Hormones that increase dairy milk production developed R: technology  S1 S2 P1 Price P2 D Q1 Q2 Quantity

  42. G: California WineS: 50 new vineyards open in the Napa ValleyR:

  43. G: California WineS: 50 new vineyards open in the Napa ValleyR: number of sellers S1 S2 P1 Price P2 D Q1 Q2 Quantity

  44. G: French CheesesS: Tariff imposed in French agricultural productsR:

  45. G: French CheesesS: Tariff imposed in French agricultural productsR: govt. restrictions S2 S1 P2 Price P1 D Q2 Q1 Quantity

More Related