What would happen if the prices of backpacks increase or go up?

What would happen if some new frozen yougurt shops opened around town?

What would happen if the MVHS softball team had a winning season and were favored to win a state championship?

The market equilibrium price for Bobby’s Gourmet Popcorn is at letter?

If the government set the price at $1.00 this would be called a

If the sandwiches sold for $1.00, a shortage would exist between points F & E. How many popcorn bags will Bobby be short?

What point represents the # of popcorn that will be demanded at a price of $5.00?

If popcorn is sold for $ 5.00, a surplus would exist between point A & I. How many popcorn bags will Bobby have left over?

Quantity produced exceeds the amount demanded. (Price Floor)

The point where supply and demand curve meet.

This occurs when the quantity demanded exceeds the quantity supplied. (Price Ceiling)

Which Non-price Factor of Demand describes the following scenario:

Baby Boomers are getting older, causing the demand for medication to increase.

Which Non-price Factor of Demand describes the following scenario: Advertising campaign is successful introducing new pineapple-kiwi juice.

Which Non-price Factor of Demand describes the following scenario:

The government cuts taxes, thus putting more money in people’s pockets

Which Non-price Factor of Supply describes the following scenario: A report that the price of citrus fruit will

increase within a year.

Which Non-price Factor of Supply describes the following scenario:

Manufactures are required by law to have newfiltration units on all their factories to limit pollution

Which Non-price Factor of Supply describes the following scenario:

A new knowledge that improves production

Which Non-price Factor of Supply describes the following scenario:

The cost of plastic increases, hurting water bottle companies

The Law of Supply states:

The Law of Demand states:

When regardless of price, consumers are unable or unwilling to increase or decrease demand of a product it is most likely: (ex. Buying Gasoline, Insulin)