DIRECTIONS:ON EACH OF THE DEMAND/SUPPLY GRAPHS PROVIDED, MOVE THE DEMAND OR SUPPLY

CURVE TO INDICATE THE INFLUENCE OF THESE STATEMENTS ON THE MARKET.

INDICATE THE EFFECT ON PRICE AND QUANTITY.

Supply and Demand

• The Ipad originated in 2010 and has consistently been the leader in the market for tablets.•This PPT will be based on the market for Ipads.

The Market for the IPad

•Find 3 products, such as the ones below, that would be considered complements to the Ipad. Find and paste pictures on the next 3 slides and type a description of how these products are complementary to the IPad.

Part 1: Complementary Products

Complementary Product 1

Type description here

Complementary Product 2

Type description here

Complementary Product 3

Type description here

•Find 3 products that would be considered substitutes to the Ipad. Paste their pictures on the next 3 slides and type a description of how these products are substitutes to the IPad.

Part 2: Substitute Products

Substitute Product 1

Type description here

Substitute Product 2

Type description here

Substitute Product 3

Type description here

The Market For Oil

Oil has become the lifeline for modern economies, providing products such as gasoline and plastics. For each of the following slides indicate the affect of the scenario on the supply and demand for oil products.

There is an increase in the popularity of gas guzzling automobiles would affect the market for oil (gas is a derivative of oil).

Move curve and arrow in the direction of the shift. Indicate the effect of price on and quantity.

The Market for Oil

D

Quantity of Oil

Price

Pe

D

S

Pe

Qe

Place Picture Here

Qe

Imagine there is a global recession, which caused people to travel less, will would affect the market for oil (used to create gasoline).

Move curve and arrow in the direction of the shift. Indicate the effect of price on and quantity.

The Market for Oil

D

Quantity of Oil

Price

Pe

D

S

Pe

Qe

Place Picture Here

Qe

Imagine there is a global recession, which caused people to travel less, will would affect the market for oil (used to create gasoline).

Move curve and arrow in the direction of the shift. Indicate the effect of price on and quantity.

The Market for Oil

D

Quantity of Oil

Price

Pe

D

S

Pe

Qe

Place Picture Here

Qe

Suppose a war breaks out in the Middle East, which causes oil producing countries to cut back on their production of oil, would affect the market.

Move curve and arrow in the direction of the shift. Indicate the effect of price on and quantity.

The Market for Oil

D

Quantity of Oil

Price

Pe

D

S

Pe

Qe

Place Picture Here

Qe

S

Show how U.S. congressional action that allows oil-drilling operations in previously untapped Alaskan preserves, would affect the market.

Move curve and arrow in the direction of the shift. Indicate the effect of price on and quantity.

The Market for Oil

D

Quantity of Oil

Price

Pe

D

S

Pe

Qe

Place Picture Here

Qe

S

Hybrid cars (which run on less gasoline) increase in their popularity and people stop purchasing gas guzzling automobiles.

Move curve and arrow in the direction of the shift. Indicate the effect of price on and quantity.

The Market for Oil

D

Quantity of Oil

Price

Pe

D

S

Pe

Qe

Place Picture Here

Qe

S

Emergingg markets, such as China, India, etc. open their borders to trade. They have more money to spend and begin buying cars from around the world..

Move curve and arrow in the direction of the shift. Indicate the effect of price on and quantity.

The Market for Oil

D

Quantity of Oil

Price

Pe

D

S

Pe

Qe

Place Picture Here

Qe

S

Dieting A new diet has become popular. This diet calls for lots of meat and

vegetables, with little or no breads and fruits. Due to this diet, how would each of the following slides be affected?

Show how the new diet would affect the market demand for meat. Move curve and arrow in the direction of the shift. Indicate the

effect of price on and quantity.

Dieting

D

Quantity

Price

Pe

D

S

Pe

Qe

Place Picture Here

S

Qe

Show how the new diet would affect the market demand for bread. Move curve and arrow in the direction of the shift. Indicate the

effect of price on and quantity.

Dieting

D

Quantity

Price

Pe

D

S

Pe

Qe

Place Picture Here

S

Qe

Show how the new diet would affect the market demand for fruits. Move curve and arrow in the direction of the shift. Indicate the

effect of price on and quantity.

Dieting

D

Quantity

Price

Pe

D

S

Pe

Qe

Place Picture Here

S

Qe

Show how the new diet would affect the market demand for vegetables.

Move curve and arrow in the direction of the shift. Indicate the effect of price on and quantity.

Dieting

D

Quantity

Price

Pe

D

S

Pe

Qe

Place Picture Here

S

Qe

Imagine that your income just increased. Find a good that you would buy more of (normal good) and a good that you would buy less of (inferior good).

Consumer Income

Place Picture of Normal Good Here

Place Picture of Inferior Good Here

Type description here of what makes these goods “normal” or “inferior”

List a product that you own and a complement to that product below.

Price of Related Goods

Place Picture of Product Here

Place Picture of Compliment Here

Type description here of what makes these goods “compliments”

List a product that you own and a substitute to that product below.

Price of Related Goods

Place Picture of Product Here

Place Picture of Substitute Here

Type description here of what makes these goods “substitutes”

List a product that you owned in your past that you would no longer purchase. Then list a product that you either want or have and is popular today.

Consumer Tastes

Place Picture of Past Product Here

Place Picture of Popular Product Here

Type description here of what made your taste for that product change

List a product that you owned in your past. Then list a picture of an update/innovation to that product.

Consumer Expectations

Place Picture of Past Product Here

Place Picture of Innovative Product Here

Type description here of how the product became innovative and why you would no longer have the demand for the original product

List a scenario where the number of buyers increased and caused the demand for other products to go up as a result.

Population

Place Picture of Increase in Population Here

Place Picture of Products that Will Experience and Increase in Demand Here

Type description here of why population increases caused the demand for goods and services to change