Supply and Demand Practice Flashcard #2

Front

What happens in the market for dresses in TP due to the special 40th year anniversary of Andrew High School and record attendance at Andrew Homecoming?

Back

Demand Increase

Front

Levis will pay its workers $1.50 more per hour. What will happen in the market for jeans?

Back

Supply Decrease

Front

Price of ground beef skyrockets. What happens in the market for Hamburger buns?

Back

Demand Decrease

Front

High levels of mercury found in canned tuna. What happens in the market for Tuna?

Back

Demand Decrease

Front

Price of BMW's drops. What happens in the market for Mercedes?

Back

Demand Decrease

Front

Ford Motor Company announces layoffs in Detroit. Assuming iPhones are a normal good, what would happen in the market for the new iPhone in Detroit?

Back

Demand Decrease

Front

Drought hits peanut crop in Georgia. What happens in the market for peanut butter?

Back

Supply Decrease

Front

New machinery smashes peanuts twice as fast. What happens as a result in the market for peanut butter?

Back

Supply Increase

Front

US announces an excise tax on car tires to pay for national highway bridges. What would happen in the market for car tires?

Back

Supply Decrease

Front

Price of shaving cream goes up. What happens in the market for shaving razors?

Back

Demand Decrease