Monday, January 18, 2016

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

91 comments:

  1. 2. Demand, left, taste
    34. Pets: A study comes out that shows positive correlation between the number of pets one has and happiness levels.

    ReplyDelete
  2. 3. demand, left, TIMER (T) tastes
    35. Chairs. A new study comes out that shows sitting causes problems in your legs.

    Fatima Wahid, pd 2

    ReplyDelete
  3. 4. demand, right, TIMER(R) related goods
    36. Internet: A new study comes out that that shows the more time spent on the web leads to eye problems for individuals.

    ReplyDelete
  4. 5. Demand ,left, the price.
    37.Boba tea. A news report that there are poison plastic element in the boba.
    Yun Ju Huang 4th

    ReplyDelete
  5. 6. Demand, right, expectations
    38. Iphone. Apple changes the audio port to be compatible with certain types of headphones.
    Sunny Patil 4th period

    ReplyDelete
  6. 7. Demand. Left. Low number of consumers
    39. Automatic motion detected lights: Many glitches, lights turn of when there is a lack of movement but people still in the room.

    Jewel Zachariah
    Period 6

    ReplyDelete
  7. 8. Demand, right, tastes (people regard them highly due to popularity) and market size (more people are wanting it - popular)
    40. Calculators : TI ceases making all of its famous graphing calculators

    ReplyDelete
  8. 9. Demand, right, TIMER(E)Expectation
    41. PlayStation 4: Sony stops manufacturing all of these gaming systems

    ReplyDelete
  9. 10. Demand, right, tastes and preference
    42. LED light: help to save energy to make light bulb longer life.

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

    ReplyDelete
  11. demand, left, need
    43. Microsoft crashed and is bought by Sony.

    ReplyDelete
  12. 12. Demand, left, price
    44. Computers: Quantum Computers introduced to the consumer market.

    Derrick S., 2nd Period

    ReplyDelete
  13. 13. supply curve shift, shift left, Stoner (R) raw materials/ resources

    45. tires: tires prices go up
    Crystal Schraden 6th period

    ReplyDelete
  14. Raymond Loh 6th period
    14. Supply curve shift to the right
    Raw materials/ resources

    46. Potatoes: A new disease specifically targeting potatoes, destroying tons of crops breaks out

    ReplyDelete
  15. 15. Demand, Left, consumer and capital lose

    47. Medicines: Swiss scientist comes up with a genetic cure for Cancer using CRISPER

    ReplyDelete
  16. 16. Demand, left , income

    48. Donuts, study proves that consuming donuts extends your life.

    ReplyDelete
  17. 17. Supply, left, taxes

    49. Chocolate- the numbers of the Cacao plant are drastically hurt by invasive species overcrowding

    ReplyDelete
  18. Amira Nickerson
    Period 4

    18. Demand; Shifts Right; TIMER-Related Goods

    50. Dogs; The price of dog food increases

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

    ReplyDelete
  20. 19. Demand, left, resources/ materials

    50.chocolate- study shows chocolate decreases chances of getting heart disease

    ReplyDelete
  21. 20. Demand,left,change in market
    51.iPhone- The price of iPhone is decreasing

    ReplyDelete
  22. 21. Supply, right, expectations
    51. Samsung runs study that claims that IPhones cause cancer

    ReplyDelete
  23. 6. Demand, Shift Right, Taste
    53. Hot Cheetos: Lebron James says he eats a bag of Hot Cheetos before every game as a good luck ritual.

    ReplyDelete
  24. 22. Demand, Left, Taste
    54. Chipotle: Due to E.coli outbreak, less people are purchasing items from Chipotle.

    Lameese Taha, 6th period

    ReplyDelete
  25. 23. Demand, Shift right, Related goods
    55. Chocolate: A major cocoa tree plantation was destroyed in a storm

    ReplyDelete
  26. 24. Supply;left; Resources, Raw materials

    56. Watches; Watches are glamorized by fashion models.

    ReplyDelete
  27. 25. Demand,Shift right, timeR( price of related goods)
    57. Starbucks: Harsh weather wipes out coffee production.

    ReplyDelete
  28. 26. Demand, Shift left, Price

    58. Windshield wipers: New hydrophobic coating comes standard with new cars.

    ReplyDelete
  29. 27. Demand; Shift Left; Related Goods
    59. Socks: The Cotton Industry starts producing at a double rate due to new technology and agricultural practices.

    Lucky Marchelino, 4th Period

    ReplyDelete
  30. 28. Demand, left, Related goods

    60. Bananas: Demi Lovato says that eating bananas helped her depression

    Ana Salim 4th period

    ReplyDelete
  31. 29. demand, left, Taste

    Rice ; bug infestation has destroyed rice fields in China

    ReplyDelete
  32. 30. Supply, Left, STONER(R), Resources/Raw Materials

    62. Milk; Many Containers of milk in a production facility becomes spoiled

    ReplyDelete
  33. 31. Supply, left, Resources/Raw Materials

    63. Nail Polish remover; new health problems caused by acetone have emerged.

    Karishma Shah, period 2

    ReplyDelete
  34. 32. Demand, right, related goods

    64. Chocolate Cake; studies show that eating chocolate cake increases happiness and improves mental health and overall well-being

    Dahlia Chandrahasan, 4th period

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

    ReplyDelete
    Replies
    1. 65 corrected: Water, "water scarcity is said to increase among the disenfranchised."

      Delete
    2. 33. Demand, right, Marketing

      Guy Joseph
      Period 2

      Delete
  36. 34. Demand, right, taste

    66. Diapers; Birth control pills fail to work, leading to an increase in the babies born.

    Sarah Sam
    Period 6

    ReplyDelete
  37. 35 demand, left, resources

    67 Phone cases; all phones are now made of glass leaving them prone to damage

    ReplyDelete
  38. 36. Demand, right, related goods

    68. Chicken- all chicken thighs are half priced off 2 months from now

    ReplyDelete
  39. 37. Demand, left, change in expectations

    69. Cats: The price of cat food decreases.

    Jonathan Ungar
    4th Period

    ReplyDelete
  40. 38. Demand, left,Price

    70. U.S Cars. 2 million new cars affected by faulty airbags.

    ReplyDelete
  41. 39. Demand, Left, change in expectations
    71. Mousetraps. New studies show that mice are becomming extinct.

    Nicholas Tong
    6th period.

    ReplyDelete
  42. 39. Demand, Left, change in expectations
    71. Mousetraps. New studies show that mice are becomming extinct.

    Nicholas Tong
    6th period.

    ReplyDelete
  43. 40. Supply, Left, reduction in number of sellers
    72. Chairs, Scientist discovered that standing desks are more healthier than normal desks.

    Shogan Tom
    6th Period

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

    ReplyDelete
  45. 41.Demand,Left,natural resources
    73.Lemonade,Health experts say that lemonade prevent kidney stones, help digestion , and heal a sore throat.

    ReplyDelete
  46. 42. Demand, Right, reduction in use of related goods like electricity
    74. Solid State Drives, Computer and Electrical Engineers have found a way to add more memory available for storage.

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

    ReplyDelete
  48. 43. Demand, Right, Related Goods- Substitutes
    75. Japanese car companies increases its work force from 2M to 3.5M workers world wide.

    Eric Chong, 2nd Period

    ReplyDelete
  49. 44. Supply,right,resources

    76. Tostitos tortilla chips have announced a price increase on their chips effective next month.

    Isabelle Tzeng; 6th

    ReplyDelete
  50. 45. Supply-Left, STONER(R), resources/raw materials
    77. Mike Tyson speaks against hot cheetos.
    Alex Ittoop 2nd

    ReplyDelete
  51. 46. Supply curve shifts to the left - Raw Materials (lack of raw materials)
    78. The price of a movie ticket decreases.
    Abilio Sanchez
    6th Period

    ReplyDelete
  52. 47. Demand, movement downward on the curve, caused by the law of demand.
    79. Chocolate: A recent discovery has been made that chocolate decreases the risk of having cancer.
    Neha Shah 6th Period

    ReplyDelete
  53. 48. Demand shifts right due to expectations
    80. There is an increase in the amount of potatoes used to make French fries.
    Chelsea Godfrey
    2nd period

    ReplyDelete
  54. 49. Supply shifts right due to raw materials.
    81. There is a belief that Televisions will be on sale 50% off next month
    Ayoub Nasraddine
    6th Period

    ReplyDelete
  55. 50. Demand for dogs decreases (left shift) due to complementary goods (dogs and dog food go together).
    82. Pencils. Pen price decreases.
    Prakul Suresh
    6th Period.

    ReplyDelete
  56. 51. No shifts, shortage
    83. Cabbage: A new study shows that kimchi, a traditional Korean side dish, can dramatically reduce the risk of cancer.

    ReplyDelete
  57. 52. demand for iphones decrease, left shift, expectations
    84. Clothing: Macy's will be having a 15% sale on all their dresses in 10 days

    Aliya Noorani
    2nd Period

    ReplyDelete
  58. 53. Demand, shifts right, taste/expectations
    85. CollegeBoard SAT Prep book: Recent studies have shown that SAT books provided by CollegeBoard are inaccurate and decrease scores of students who study from them.

    Aleena Mathew
    Period 6

    ReplyDelete
  59. 54. Demand, shifts left, expectations
    86. Watches: Rolex watch company has reportedly received complaints about it's watches losing their encrusted diamonds and losing their color.

    Mahnoor Malik
    Period 2

    ReplyDelete
  60. 55. Supply, shifts left, resources
    87. Chocolate: Nutella will be discontinued in 30 days

    Pd. 2

    ReplyDelete
    Replies
    1. 56. Demand, shifts right, expectations
      88. Phones: a recent study shows that cell phone use increases intelligence

      Pd 6 Alexis Nguyen

      Delete
  61. Christian Cortez
    period 2

    57. Supply, Left, Resources
    89. High-End Housing: Incomes in all jobs are decreased by a factor of 2.

    ReplyDelete
  62. 58. Demand, Left, Related Goods (Substitutes)

    90. PS3 Console: XBox raises prices of console and games

    Bailee Mouton sixth Period

    ReplyDelete
  63. Veronica Wang
    Period 6

    59. Supply, Right, Technology

    91. Pizzas : Pizza Hut makes all pizzas 30% for all upcoming football game

    ReplyDelete
  64. 60. demand, right, expectations

    92. water: a hurricane is predicted to hit in 4 days

    ReplyDelete
  65. Tiffany Chan
    4th period

    61. Supply, left, resources

    93. Chick Fil A will stop selling their chicken nuggets in 5 days.

    ReplyDelete
  66. Sean Moss
    2nd Period

    62. supply, left, resources

    94.Canned Goods: A blizzard is predicted to hit the East Coast tomorrow.

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

    ReplyDelete
  68. Daanish Virani
    2nd period

    63. supply, left, expectations

    95. HP receives fewer Intel chips

    ReplyDelete
  69. Srikar Valluripalli
    6th Period
    64.supply, left, resources

    96. Air Jordans- Studies show people who wear Jordans jump higher

    ReplyDelete
  70. Lauren Pham
    4th Pd
    65. Demand, right, expectations

    97. Jewelry- Cartier announces that love collection will be discontinued in 1 month

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

    ReplyDelete
  72. 66. Demand, Right, Change in Market

    98. Scion FRS, There was a government recall due to the car occasionally blowing up.

    ReplyDelete
  73. 67 demand, left , expectations

    99. iphones, the government increases taxes on manufacturers by 25 %

    ReplyDelete
  74. 68. Supply, left, taxes

    100. R/C cars, the price of batteries increases 100%

    ReplyDelete
  75. 69. Demand, right, related goods (complements)

    101. Nestle Tea, Nestle releases research that their tea helps reduce heart disease.

    ReplyDelete
  76. 70. Demand, right, expectations

    102. Chickfila,decreased prices on chicken nuggets by 30%

    ReplyDelete