Economics: Price and Demand

Front

The price of milk tea in a popular café chain rose from ₱90 to ₱110 per cup. As a result, fewer customers bought milk tea after school hours.

What will happen to the demand curve for milk tea when its price increases?

Back

Demand decreases which results in the demand curve to move along the curve upward.

Front

The Department of Labor approved a ₱50 daily wage increase nationwide. With higher income, many workers started dining out more often.

What will happen to the demand curve for restaurant meals when household income increases?

Back

Demand increases which results in the demand curve to shift rightward.

Front

Inflation in the Philippines rose to 8%, while neighboring countries maintained stable prices. Foreign buyers shifted to cheaper suppliers abroad.

What will happen to the demand curve for Philippine exports when relative inflation increases?

Back

Demand decreases which results in the demand curve to shift leftward.

Front

A large factory in Cavite shut down, leaving hundreds unemployed. Families in the area reduced their weekly spending on groceries and dining out.

What will happen to the demand curve for grocery goods when unemployment increases?

Back

Demand decreases which results in the demand curve to shift leftward.

Front

As the market price of chicken meat dropped from ₱200 to ₱160 per kilo, poultry farms reduced their daily production.

What will happen to the supply curve for chicken meat when the price decreases?

Back

Supply decreases which results in the supply curve to move along the curve downward.

Front

The peso strengthened from ₱58 to ₱55 per US dollar, making imported computer parts cheaper. Local computer assemblers were able to increase their production.

What will happen to the supply curve for computers when the peso appreciates?

Back

Supply increases which results in the supply curve to shift rightward.

Front

The Bangko Sentral ng Pilipinas raised interest rates from 4% to 8%, discouraging businesses from borrowing for expansion.

What will happen to the supply curve for manufactured goods when interest rates rise?

Back

Supply decreases which results in the supply curve to shift leftward.

Front

The Philippines experienced a rise in exports due to higher demand for electronic products abroad. Local manufacturers increased production to meet foreign orders.

What will happen to the supply of electronic goods in the local market when exports increase?

Back

Supply increases which results in the supply curve to shift rightward.

Front

Rental prices in Metro Manila’s commercial spaces increased sharply, forcing some small businesses to close or relocate.

What will happen to the supply curve for retail services when rental costs rise?

Back

Supply decreases which results in the supply curve to shift leftward.