Market Changes in Response to Economic Factors

The market for t-shirts following a fall in the number of suppliers as production of jeans becomes more profitable

• Increase in demand

• Decrease in supply

• Equilibrium price remains unchanged

• Surplus of t-shirts

The market for beer following the introduction of new technology that reduces brewing time

• Decrease in demand

• Increase in supply

• No change in supply

• Increase in price

The market for ice-cream in a period of cold weather

• Increase in demand

• No change in demand

• Decrease in demand

• Increase in supply

The market for hot-water bottles in a period of cold weather

• Decrease in demand

• No change in demand

• Increase in demand

• Fluctuation in demand

The market for tea following a fall in the price of coffee

• Increase in demand

• Decrease in demand

• No change in demand

• Increase in supply

The market for tennis balls following a fall in the price of tennis rackets

• Decrease in demand

• No change in demand

• Increase in demand

• Increase in supply

The market for fish following an illness causing depletion of fish stocks

• Increase in demand

• Decrease in supply

• Stable supply

• Increase in prices

The market for fast food following the imposition of a government tax on fatty foods

• Increase in demand

• Decrease in supply

• No change in supply

• Increase in prices

The market for fruit juice following a successful advertising campaign

• Decrease in demand

• No change in demand

• Increase in demand

• Fluctuation in demand

The market for mobile phones following a fall in the cost of raw materials

• Decrease in demand

• Increase in supply

• No change in supply

• Decrease in supply