Economic Effects on Demand and Supply

Market: Textbooks Determinant: Number of Buyers Headline: Due to Hurricane Maria, the U.S. sees a spike in Puerto Rican refugees. What is the effect on the demand curve for textbooks?

Market: Corn Determinant: Subsidies Headline: In 2016 the U.S. spent $20 billion to pay farmers to grow corn for biofuel. What is the effect on the supply curve for corn?

Graph showing the market for cars with supply and demand curves.

Graph showing the market for jelly with supply and demand curves.

Market: Nike Determinant: Substitute Goods Headline: Reebok, a substitute for Nike, lowers the price of its shoes by 50%. Analyze the impact on the demand curve for Nike shoes.

Market: Pie Shells Determinant: Number of Sellers Headline: Mrs. Fields used to enjoy a monopoly in the pie shell market, but now Mrs. Nostrom sells them as well. Analyze the impact on the supply curve for pie shells.

Based on the diagram for the gift cards market, explain how consumer expectations affect the demand curve.

Analyze the impact of the new harvester technology on the supply curve in the wheat market.

Market: Coffee Determinant: Productivity Headline: A farmer offers his coffee pickers a bonus based on how much coffee they pick at the end of each day. Output increases by 50%.

Market: Dress Shirts Determinant: Taste of Consumers Headline: Bedazzled hoodies are the current fashion trend in America.