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Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened...

Date post: 03-Jan-2016
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Page 1: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.
Page 2: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Shifts in Supply or Demand Curve

Draw a correct graph, showing

which curve shifted and what happened

to price and quantity.

Page 3: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Market: Coffee

Bountiful crop of Coffee Beans

Page 4: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Supply increases, shifts to the right

Price falls, quantity increases

Page 5: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Market: Automobile Industry

Workers in the Automobile Industry receive a pay raise.

Page 6: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Supply shifts to the left because of input costs

risingPrice increases, quantity

falls

Page 7: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Market: Computer software

Price of personal computers fall

Page 8: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Demand shifts to the right because of the

price of a complement falls

Price rises, quantity increases

Page 9: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Market: Pepsi Cola

Price of Coca Cola rises

Page 10: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Demand for Pepsi increases because the price of a substitute

good risesprice increases, quantity

increases

Page 11: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Market: Second Hand Clothing

National Incomes Rise

Page 12: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Demand shifts to the left because the change in

income causes a decrease in demand for

an inferior goodprice falls, quantity falls

Page 13: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Market: Automobile Industry

Government gives GM and Chrysler a subsidy

Page 14: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Supply shifts to the right because of a change in

government policiesprice falls, quantity

increases

Page 15: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Market: Corn

Price for irrigation equipment falls

Page 16: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Supply increases because of a change in

technologyprice falls, quantity

increases

Page 17: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Market: Any normal good

American’s Income falls 3 months in a row

Page 18: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Demand increases because incomes rising and increase in demand

for normal goodsprice falls, quantity

decreases

Page 19: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Market: TV Manufacturing

American TV production closes its manufacturing

plant

Page 20: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Supply shifts left because of decrease in number of producers in

the marketprice increases, quantity

falls

Page 21: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Market: Any Inferior Good

American’s income rises 3 months is a row

Page 22: Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

Demand decreases because as incomes rise,

there is a decrease in demand for inferior

goodsprice falls, quantity falls


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