Sunday, January 18, 2015

Supply and Demand Practice

In your response, select the first unanswered problem from the table. Give your answers to the problem and then leave a problem of your own. The first to respond will answer #2 and leave question #34, the next student to respond will answer #3 and leave #35 and so on.

Market
Event
Would the demand curve or supply curve shift?
Would the curve shift to the right or left?
Determinant
Involved
1. wheat
A drought destroys much of the crop.
Supply
Left
Stoner (R)
Resources/Raw Materials
2. redwood lumber
Environmentalists urge consumers to boycott redwood products.



3. cigars
A new study shows that smoking cigars results in lots of wrinkles.



4. butter
The price of margarine goes up.



5. paper
The price of wood pulp rises.



6. Hula hoops
Brad Pitt confides to People magazine that "he gets a big kick out of his hula hoop."



7. yachts
The average price of stocks falls by over 20% between now and the end of the year.



8. gasoline
Large sports-utility vehicles (like Suburbans and Expeditions) become more popular.



9. umbrellas
Heavy rain is forecast.



10. tofu
E. Coli bacteria is found in another meat plant.



11. gasoline
Two oil supertankers collide.



12.hamburger
The price of hamburger rises.



13.oranges
There's an early frost which destroys much of the crop.



14. apples
A new pesticide is developed which controls tent caterpillars.



15. grapes
The National Marines Fisheries Service bans pesticide spraying within 1,000 feet of waterways containing coho salmon.



16. wine
The average wage of grape harvesters rises by 10%.



17. U.S. cars
The U.S. imposes a tariff on Japanese car imports.



18. hospital beds
Scientists discover a pill that cures cancer.



19. cement
A 7.9 earthquake hits San Francisco.



20.Video rentals
The price of getting cable TV goes up.



21. windshields
A new law is passed requiring gravel trucks to cover their loads with tarps.



22.Taxi service
Local subway workers go on strike



23.Bike helmets
The price of bicycles goes down



24.melons
The cost of water goes up.



25. Lucernemilk
The price of Safeway milk goes down.



26. jellybeans
The price of jellybeans goes up.



27.Oreo cookies
The price of milk increases.



28.Burger King whoppers
McDonald's lowers the price of Big Macs.




29. Hot dogs
60 Minutes does an expose called "The Truth about Hot Dogs."



30.Hot dog buns
The price of flour rises



31. butter
Mad Cow Disease wipes out a lot of dairy cows.



32. candles
An electric company official announces that a computer bug will likely result in power outages.



33. Cowboy boots
Old Navy launches an ad campaign called "Everyone in cowboy boots."




34. Your entry

89 comments:

  1. Jenny Simon
    2nd period

    2). Supply
    Left
    Stoner (R) Raw Materials

    34). Chickens- A disease spread quickly among the chickens.

    ReplyDelete
  2. Keanu Florence
    4th Period

    3.) Demand , Right , Expectations

    35.) Cows - Population of cows decreases because of poisonous run-off causing the price of leather to sky rocket.

    ReplyDelete
  3. Jocelyn Dang
    4th period

    4)Demand, Left, Expectations

    36)Pizzas - Papa Johns makes all pizzas 50% for the upcoming major sports event

    ReplyDelete
  4. 5) Supply, Left, expectations

    37)hot chocolate- cocoa bean prices increased due to fewer cocoa bean trees being planted

    ReplyDelete
  5. Jacob Toy
    4th Period

    6) Demand, Right, Expectations

    38) island real estate- volcanoes are erupting thus causing new islands to form

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  6. This comment has been removed by the author.

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  7. 7) demand, left, expectations

    39) winter boots- the summer season arrives and flip flops become popular.

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  8. This comment has been removed by the author.

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  9. Landon Wells
    4th Period
    8) Demand, right, TIMER - (R) - Related Goods

    40) Diamond Rings - Valentines day is in one month.

    ReplyDelete
  10. Gabby Chaney
    4th period

    9) Demand, Right, Expectations
    41) School supplies- the month of August before school starts

    ReplyDelete
  11. Nate Penelton
    2nd period
    10) Demand, Right, Expectations
    42) Chocolate- Halloween is in the last week of October

    ReplyDelete
  12. Kennedy Ford
    2nd period
    27) Demand, Right Expectations
    43) Red Roses- Valentines Day colors consist of red and pink

    ReplyDelete
  13. Amie Jean
    2nd period
    12) Demand, Left, Expectations
    44) Hot cocoa- Its winter and Starbuck's increases the price of hot cocoa

    ReplyDelete
  14. Samantha Chan
    2nd Period
    13) Supply, Left, Resources
    45) Generators - It is hurricane season and a hurricane has been predicted to come within the week.

    ReplyDelete
  15. Michael Okon
    4th Period
    14) Supply, Right, Resources
    46)T-shirts- Winter season in arriving and Jackets are on sale.

    ReplyDelete
  16. Cailin O'Connell
    2nd Period
    15) Supply, Left, Resources
    47)Frisbees-Increased federal restriction of a chemical vital to the creation of the plastic

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  17. 4th period
    #15: Supply, Left, Technology
    #48: Video Games: Game stop has a sale on games for Christmas, buy two get third half off.

    ReplyDelete
  18. Evan Young
    2nd Period
    16) Supply; Right; Raw Materials
    49) Computers: A breakthrough allows computers to be produced at a much higher and more efficient rate.

    ReplyDelete
  19. 17) The demand curve would shift to the right because the substitution good of a Japanese car (a related good) would cost more due to the tariff placed on its importation, making U.S. cars seem cheaper - due to a change in related goods.

    50)Newspapers: More consumers are preferring the easier and quicker access of getting their daily news from the Internet.

    Amy Krauhs
    Period 4

    ReplyDelete
  20. Wesley Andrade
    Period 2

    18)Demand; right; Expectations

    51)Protein Powder: A new breed of genetically engineered Bulgarian cows produce highly concentrated protein milk. Assume all fitness industries use this milk to produce protein powder at a higher cost.

    ReplyDelete
  21. Karyn Aguneri
    2nd period
    19) Supply, Right, STONER
    52) Ice Cream: Ice cream is much cheaper because it's winter.

    ReplyDelete
  22. Aadithya Srivatav 6th
    20) Demand; Right; Stoner due to related good

    53) Hot Chocolate- Starbucks offers 10% on hot chocolate for the winter season

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  24. 21) Supply; left; Stoner due to other goods

    54) House Real Estate- Rising cost of wood due to deforestation

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  25. 22) Supply, left, Stoner due to Resources.

    55) Gold Market - A generation of rappers forget to leave gold in their wills, leaving hundreds of gold chains to be smelted down.

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  26. 23) Demand / Right / TIMER (R) Related Goods(Complement)
    56) iPod Market - Microsoft announces Zune will have major upgrades and may most likely cost less.

    ReplyDelete
  27. brikitta hairston
    4th period
    24. supply/right/stoner Related goods/resources
    57.fitness market-nike raises the price of Nike Pros by 20%

    ReplyDelete
  28. Ronald Propper
    2nd Period

    25. Demand/ timer/ expectations
    58. Fans market- the summer heat is at a record high

    ReplyDelete
  29. Madeline Alcock 2nd

    26. demand-left-expectations
    59. paper back books - rise in prices of kindles

    ReplyDelete
  30. Felix Chang
    Period 4

    27. demand/left/timer/related goods
    60. girl scout cookies- increase in number of girl scouts

    ReplyDelete
  31. Justin Adame
    Period 2

    28. Demand/left/timer/Market size
    61.stage plays- Price of movie tickets increases

    ReplyDelete
  32. This comment has been removed by the author.

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  33. Kevin Zhang
    Period 2

    29. Demand/left/TIMER/Taste

    62. Air Jordans - Viral Advert about Child Labor Abuse in Asia

    ReplyDelete
  34. Grace Cha
    Period 2

    30. Supply/left/ Stoner-raw materials
    63. Honda- All 2011 Honda's have been recalled recently

    ReplyDelete
  35. Alan Pham
    Period 2

    31. Supply / Left / Stoner - Raw materials
    64. iPads - Apple lowers the price on iPads

    ReplyDelete
  36. Jacqueline Gann
    Period 2

    32. Demand/ right/ TIMER- Consumer expectations
    65. Jeep Wranglers- testing shows that Jeep Wranglers are now the safest car on the market

    ReplyDelete
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  39. Karen George
    4th
    33.Demand, right, expectation
    66.fender guitars-fender guitars has raised its price by 10%

    ReplyDelete
  40. Humam Daas 2nd
    Wooh first to answer a real person's question!!
    34. Supply, left, Raw resources

    67. Pen market: Mass production technwues allows a 10% inease in qutity top notch quality pens stright from Japam

    ReplyDelete
  41. Sorry guys had some kind of stroke typing my last message here's what it said.

    67. Pen market: Mass production techniques allows a 10% increase in quantity of top notch pens straight from Japan

    ReplyDelete
  42. Emigdio Escobedo
    Period 2

    35. Supply, Left, Resources

    68. bananas: the largest distributing country of bananas was hit by a hurricane, killing 40% of all the banana trees

    ReplyDelete
  43. Timothy Krauhs
    Period 6

    36. Demand shifts right due to expectations.

    69. A video game company is about release a largely awaited game in two months.

    ReplyDelete
  44. Chris Abraham
    Period 2

    37. hot chocolate- Supply, Left, STONER - Raw Materials

    70. Market - Headphones
    A study conducted by a well respected research center shows that a certain brand of Headphones is more likely to cause hearing loss.

    ReplyDelete
    Replies
    1. This comment has been removed by the author.

      Delete
  45. Alex Duong
    Period 6
    38 Supply shifts Right due to Resources

    71. Gaming Industry: The nation decides to implement a holiday dedicated to discontinued games!

    ReplyDelete
  46. 39. Demand shifts left due to related goods
    72. Limes for margaritas: A hotel bar in Cabo has a rise in visitors, but theres a lime shortage.

    ReplyDelete
  47. Michelle Pacheco
    6th Period

    40. Demand shifts right due to related goods
    73. Computers: Apple launches an imporved and better computers

    ReplyDelete
  48. 41. Demand, right, related goods
    74. Waffle Iron: the price for waffle mix goes on sale

    Mackenzie Boudreau
    2nd period

    ReplyDelete
  49. Zoheb Hirani
    ALL PERIODS (jk 4th period)

    42. Demand shifts right since a related, complimentary good price decreased. Thus price and quantity of waffle irons will increase.

    75. Pet Rocks: Mr. Pye creates an extra credit opportunity in his class offering ten extra bonus points to whoever buys pet rocks.


    ReplyDelete
  50. 42. Demand, right, related goods
    43. Shoes: A shoe company announces discontinuation on a popular shoe design.

    Marvin Puac
    4th period

    ReplyDelete
  51. Amber Alex
    4th Period

    75(Zoheb). Demand shift rights due to tastes
    43(Marvin). Demand shifts right due to expectations
    77. Burger increases the price of the Whopper, the effect on the Big Mac is..

    ReplyDelete
  52. Siobhan Simmons
    Period 4

    44. Demand; Right; Expectations
    78. Swimming gear will go on sale for Walmart in May

    ReplyDelete
  53. Gerard Barrientos
    Period 2

    45. Demand; Right; TIMER (change in Taste)
    79. Monkeys sold in Texas- Everyone in the state of Texas acquires Mr. Pye's irrational fear of monkeys.

    ReplyDelete
  54. Muizz Soomar
    Period 6

    46. Demand; Right ; TIMER (Expectation)
    80. WATER- An earthquake had occurred and there was a huge explosion in the earths crust which caused many to perish on this planet once called earth. Many families were left homeless and no where to go. Millions of people died and were looking for their lost family somewhere on this earth. There was no water anywhere to be found. Until people found this one dwelling that had not been affected by the explosion. It had state of the art equipment to diminish the effects of earthquakes. This equipment was funded by the MUZZYCORP. Well this was the only house with WATER. I wonder what would happen if this were to happen. (i hope i did this right)

    ReplyDelete
  55. Lillian Wang
    Period 2

    47. Supply; left; STONER (Raw materials/resources)
    81. Snuggie - celebrities are seen in public wearing and advertising the snuggie

    ReplyDelete
  56. 48) Demand, right, expectations
    82) What would happen to the company that produces frisbees if a competitor company produces similar frisbees that are cheaper.

    ReplyDelete
  57. 48) Demand, right, expectations
    82) What would happen to the company that produces frisbees if a competitor company produces similar frisbees that are cheaper.

    ReplyDelete
  58. 49) supply, right, technology.
    83) Christmas decorations goes on sale November.

    ReplyDelete
  59. Elyssa Buntzel 4th p

    50. demand, left, substitute good
    84. sports jersey, team is highly favored to go to the super bowl.

    ReplyDelete
  60. Reuben Kuruvila
    Period 4

    51) supply; right; STONER - raw materials, resources
    85) potatoes - there is a potato famine in Europe.

    ReplyDelete
  61. 52. Supply, Left, Resources
    86. Lebron James retires, his gear has more value

    ReplyDelete
  62. This comment has been removed by the author.

    ReplyDelete
  63. 53. Demand, right, Expectations
    87. A company that produces fireworks has 90% of their workers go on strike demanding higher income in July.

    ReplyDelete
    Replies
    1. Crystal lam
      4th period
      54.demand, left, income
      88. The government raised taxes on video games to 10%

      Delete
  64. Crystal lam
    4th period
    54.demand, left, income
    88. The government raised taxes on video games to 10%

    ReplyDelete
  65. Natalia Chudumebi Opara
    6th Period
    55. supply, left, subsidies & taxes
    89. the government raised taxes on bananas.

    ReplyDelete
  66. Patrick Pecson
    6th Period
    56. Supply Left, STONER, Subsides
    90. Jeremy Lin of the Houston Rockets is traded to the Los Angeles Lakers (NBA Teams), his jersey has more value

    ReplyDelete
  67. This comment has been removed by the author.

    ReplyDelete
  68. Reuben Bijy
    2nd
    57. Demand, Left, Tastes
    90. Chevrolet Market - Ford announces a $10000 price cut on all its cars

    ReplyDelete
  69. Leslie Reglos
    6th
    58. Demand, Right, TIMER-Expectations
    91. Soup: Population of the shark used in shark fin soup has been decreasing

    ReplyDelete
  70. Shawn Sabu
    6th
    59. Demand, right,price
    60.Michael Jordan returns to play in the NBA: Nike makes new shoes for him

    ReplyDelete
  71. Ayesha Wahid
    2nd Period

    60. Demand, right, tastes
    93. Bananas- Consumers expect the price of bananas to increase in the future.

    ReplyDelete
  72. Frankie Smith
    6th Period

    61. Demand, left, TIMER - Expectations
    94. Meat - More and more consumers are turning towards plant-based diets.

    ReplyDelete
  73. This comment has been removed by the author.

    ReplyDelete
  74. 61. Demand, right, related goods
    94. Oranges- The price of apples decreases

    ReplyDelete
  75. Martin Nguyen
    4th Period

    62. Demand, left, tastes
    95. Milk- New technology is discovered that makes cows produce 7.5 times as much milk as normal.

    ReplyDelete
  76. Arjun Daru
    2nd Period

    63. Demand, Left, Expectations
    96. Teddy Bears - It has recently been revealed that Build-A-Bear actually hunts hundreds bears for their fur

    ReplyDelete
  77. 65.demand,right, Timer-expectations
    98. Hp-printers-price of ink compatible with Cannon printers decreases dramatically

    ReplyDelete
  78. Luke Chacko
    6th
    66. Demand, left, Price
    99. Spalding Basketballs -- Spaldings has 24 factories destroyed by competing companies.

    ReplyDelete