Combined Supply and Demand #2

Front

In the market for Don’s Car Wash… The cost of soap increases.

Back

D

Front

In the market for New Cars (a normal good)… National Income Increases.

Back

Demand for new cars increases.

Front

In the market for Chipotle, what happens when the price of a Qdoba burrito (a substitute) decreases?

Back

The demand for Chipotle burritos increases.

Front

In the market for Agriculture… A combine is invented that can use “auto drive” to harvest crops without a human driver.

Back

C

Front

In the market for Christmas lights, producers expect the price of Christmas lights to decrease next month.

Back

C

Front

In the market for Geico Insurance, it is reported that Geico is taking up to 6 months (a long time) to pay customers.

Back

B

Front

In the market for light bulbs, the government requires all new lightbulbs to be energy efficient or face an excise tax.

Back

D

Front

In the market for Sushi… Consumers expect the price of sushi to rise next month.

Back

A

Front

In the market for oil, what happens when OPEC reduces the number of barrels of oil each OPEC country can produce?

Back

The supply of oil decreases.

Front

In the market for pizza... It's the end of the school year & college students are leaving for summer (They like pizza)

Back

B