Supply and Demand - Cheat Sheet - S2013
Supply and Demand - Cheat Sheet - S2013
Supply and Demand - Cheat Sheet - S2013
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Honors Economics Chapter 3: <strong>Supply</strong> <strong>and</strong> Dem<strong>and</strong> Apple Stock appleName: _________________________period: ___________Draw both supply <strong>and</strong> dem<strong>and</strong> curves then shift onecurve to show an increase in dem<strong>and</strong>.Draw both supply <strong>and</strong> dem<strong>and</strong> curves then shift onecurve to show an decrease in dem<strong>and</strong>.TRé TRê TR? Profit é Profit ê Profit?new equilibrium: Pé Pê Qé QêApple Stock: Buy Sell IDKDraw both supply <strong>and</strong> dem<strong>and</strong> curves then shift onecurve to show an increase in supply.TRé TRê TR? Profit é Profit ê Profit?new equilibrium: Pé Pê Qé QêApple Stock: Buy Sell IDKDraw both supply <strong>and</strong> dem<strong>and</strong> curves then shift onecurve to show an decrease in supply.TRé TRê TR? Profit é Profit ê Profit?new equilibrium: Pé Pê Qé QêApple Stock: Buy Sell IDKTRé TRê TR? Profit é Profit ê Profit?new equilibrium: Pé Pê Qé QêApple Stock: Buy Sell IDK
Honors Economics Chapter 3: <strong>Supply</strong> <strong>and</strong> Dem<strong>and</strong> <strong>Cheat</strong> <strong>Sheet</strong>Place an up or down arrow in each space below to indicate the direction of the dem<strong>and</strong> curveshift caused by changes in each of the following variables? é = increase ê = decrease.factor that causes the dem<strong>and</strong> curve to shiftwhen this factorincreases which waydoes dem<strong>and</strong> shift?when this factordecreases which waydoes dem<strong>and</strong> shift?income effect for a normal good é êincome effect for an inferior good ê éprices of related goods: substitute é êprices of related goods: complement ê échanges in tastes or preferences é êchanges in expectations é êchange in population (number of buyers) é êdemographic changes é êPlace an up or down arrow in each space below to indicate the direction of the supply curveshift caused by changes in each of the following variables? é = increase ê = decrease.factor that causes the supply curve to shiftchanges in prices of other goods that can beproduced with the same resourceswhen this factorincreases which waydoes supply shift?êwhen this factordecreases which waydoes supply shift?échanges in input prices ê échanges in technology (innovation) é êchanges in expectations é êchanges in the number of suppliers é êchanges in government subsidies é êchanges in tax policy ê échanges in regulatory requirements ê é
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