Sunday, January 22, 2017

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

88 comments:

  1. #2 Market: Redwood ||| Event: Environmentalists urge consumers to boycott redwood products.

    Would the demand or supply curve shift?

    DEMAND

    Would the curve shift to the right or the left?

    LEFT

    Determinant(s) involved?

    CONSUMER TASTES

    ReplyDelete
    Replies
    1. #34 for someone else:

      Market: Toothbrushes ||| Event: The price of toothpaste rises.

      Delete
  2. #3: Cigars

    Supply or Demand?
    Demand curve.

    Left or Right?
    Left.

    Determinants?
    Appearance concerns

    #35: Alligator Purse.
    Event: Explosion of the population of Alligators in Florida.

    ReplyDelete
  3. 9). Umbrellas

    Supply or demand?

    DEMAND

    Left or Right?

    RIGHT

    Determinant(s)?

    Predicted forecasts.

    #36: Fanwear
    Event: Favorite team enters the playoffs and the team asks for support.

    ReplyDelete
  4. 4. Butter
    Supply or demand?
    Demand

    Left or right?
    Right

    Determinant?
    scarcity and demand of Margarine

    #37: Cell Phones
    Number of people buying iphones decreases.

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

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

    ReplyDelete
  7. Arij Moiz
    Period 2nd

    #2 Market: Paper || Event: The price of wood pulp rises.

    Would the demand or supply curve shift?

    DEMAND

    Would the curve shift to the right or the left?

    LEFT

    Determinant(s) involved?

    THE PRICE


    #38 Market: Rice || Event: Due to a flood the crop are ruined

    ReplyDelete
  8. Period 4

    #6: Market: Hula Hoops Event:Brad Pitt confides to People magazine that "he gets a big kick out of his hula hoop."

    Demand or Curve?

    DEMAND

    Left or right?

    RIGHT

    Determinants?

    The Celebrity advertisement

    #39 Market: Books - Event: Due to deforestation and lack of paper the price goes up

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

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

      Delete
  10. #22 Market: Taxi Drivers- Local Subway workers go on strike.

    Supply or Demand?
    Demand

    Left or Right?
    Right

    Determinants?
    The Subway workers

    #41: Guns: New Anti gun legislation is approved.

    ReplyDelete
  11. #12: Hamburger: The price of a hamburger rises
    Supply or Demand?
    Demand
    Left or Right?
    left
    Determinants?
    Expectations of price

    #42: Hair gel:Worldwide epidemic of hair loss

    ReplyDelete
  12. #23: Bike Helmets; The price of bicycles goes down
    Would the Demand or Supply Curve Shift? Supply
    Would it shift right or left? Right
    Determinant Involved: Resource Prices

    #43: Cat treats; The price of cat food goes down.

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

    ReplyDelete
  14. 2nd period
    #24 Melons; The cost of water goes up.
    Would the demand or supply curve shift?
    -supply
    Would the curve shift to the right or the left?
    -left
    Determinant(s) involved?
    -Resource prices

    #45 Subway systems; uber-an app that allows one to get a ride from a push of a button

    ReplyDelete
  15. 6th Period

    #25 Lucernemilk; The price of Safeway milk goes down.
    Would the demand or supply curve shift?
    -Demand
    Would the curve shift to the left or the right?
    -Right
    Determinant(s) involved?
    -Resource Cost

    #46 Samsung Phones; The Samsung Note 7 spontaneously combusts upon charging.

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

    ReplyDelete
  17. Prasun Dhawan | Per 6

    #26; Jellybean market, price of jellybeans goes up.

    Would the demand or supply curve shift?
    -Neither
    Would the curve shift to the left or the right?
    -N/A
    Determinant(s) involved?
    -N/A

    An increase in price does not affect the demand or supply curve.

    Question #47: In a market for pizzas, the price of wings (the alternative to pizzas) decreases.

    ReplyDelete
  18. Heather Bennett, Period 6
    #26: Oreo cookies, the price of milk goes up
    The demand curve would shift to the right. The determinate involved is related goods.
    A New Edition biopic causes their record sales to skyrocket for the first time in a decade, the price of their albums would increase as would the quantity for the time being

    ReplyDelete
  19. Joel George
    Period: 2nd

    #27:
    -Market-

    Burger King Whoppers

    -Event-

    McDonald's lowers the price of Big Macs

    -Would the demand curve or supply curve shift?-

    Demand

    -Would the curve shift to the right or left?-

    Left

    -Determinant Involved-

    TIMER: Related Goods - Substitutes

    #49
    -Market-

    Chicken Quesadillas

    -Event-

    The wholesale price of chicken increased tremendously

    ReplyDelete
  20. Hannah Abie Period 2
    HOT DOGS
    DEMAND OR SUPPLY?
    - DEMAND-
    SHIFT RIGHT OR LEFT?
    - LEFT-
    DETERMINANT?
    - EXPECTATIONS-

    #50
    -MARKET-

    VIDEO GAMES

    -EVENT-
    THE PRICES OF VIDEO GAMES INCREASE BUY 25%


    ReplyDelete
  21. Nathan Schaper
    Period 2

    #30
    Market - Hot dog buns
    Event - The price of flour rises
    Would the demand curve or supply curve shift? - Supply
    Would the curve shift to the right or left? - Left
    Determinant Involved - Stoner (R)Resources/Raw Materials


    #52
    Market - Computer Hardware
    Event - New technology makes it easier to create pure silicon crystals for PCB's.

    ReplyDelete
  22. Sarah Rassam
    6th Period

    #31
    Market: Butter
    Event: Mad Cow Disease wipes out a lot of dairy cows
    Would the demand or supply curve shift? Supply Curve
    Would the curve shift to the right or left? Left
    Determinant Involved- Stoner (R)Raw Materials/Resources

    #53
    Market: iPhones
    Event: Apple increase the price of the new iPhones

    ReplyDelete
  23. Period 2 #31

    Market- Candles. the Demand Curve shifts to the Right
    Determinant- TIMER (R) Related goods/ Substitutes.


    #54 Oil - Fracking comes out and decreases the price of obtaining the oil?

    ReplyDelete
  24. Carina Hung, Period 6

    #33
    Market: cowboy boots
    Event: Old Navy launches an ad campaign called "Everyone in cowboy boots."
    Would the demand or supply curve shift? Demand
    Would the curve shift to the right or to the left? Right
    Determinant Involved: TIMER (T) Taste

    #55
    Market: plane tickets
    Event: It is January, and plane ticket prices go up during the summertime.

    ReplyDelete
  25. Kylee Brouwer, 2nd Period

    #34
    Market: Toothbrushes
    Event: Price of toothpaste rises
    Shift: Demand
    Direction: Left
    Determinant: Related Goods (complementary)

    #56
    Market: Starbucks Coffee
    Event: There is a rumor that a cheaper coffee house will open in town next week.

    ReplyDelete
  26. Edwin Cabrera, 6th period

    #35
    Market: Alligator purse
    Event: explosion of alligator population in Florida
    Shift: supply
    Direction: right
    Determinant: raw material

    #57
    Market: fuzzy socks
    Event: price is said to go down after Christmas time

    ReplyDelete
  27. Period 2

    #32
    Market: candies
    Event: An electric company officially announces that a computer bug will likely result in power outages
    The demand curve will shift to the right because of expectations of the future.

    #58
    Market: Toothpaste
    Event: Colgate announces that there has been a contaminant in there supply.

    ReplyDelete
  28. Period 2- May Liew
    #36:
    Market:Fanwear
    Event: Favorite team enters the playoffs and the team asks for support.
    Shift: Demand
    Direction: right
    Determinant: Taste

    #59
    Market: Jif (peanut butter)
    Event: Price of grape jelly rises

    ReplyDelete
  29. Neethu Thampy
    Period : 6

    #37
    Market: Cell phones
    Event: The number of people buying iphones decreases
    Shift: Demand
    Direction: right
    Determinant: Taste

    #60
    Market: Chocolate
    Event: price of chocolate increases on valentine's day

    ReplyDelete
  30. Jacob Gassmann
    Period 2

    #38
    Market: Rice
    Event: due to a flood the crops are ruined
    Shift: Supply
    Direction: left
    Determinant: number of sellers

    #61
    Market: Windshield wiper blades
    Event: weather report says heavy rain season is around the corner

    ReplyDelete
  31. Brayan Reyes
    Period 2

    #39 Market: Books
    Event: Due to deforestation and lack of paper the price goes up
    Shift: Supply
    Direction: left
    Determinant: Resources/ raw materials

    #62: Market: Bubble Gum
    Event: A recent study links chewing gum to increased self esteem.

    ReplyDelete
  32. Period 2- May Liew
    #36:
    Market:Fanwear
    Event: Favorite team enters the playoffs and the team asks for support.
    Shift: Demand
    Direction: right
    Determinant: Taste

    #59
    Market: Jif (peanut butter)
    Event: Price of grape jelly rises

    ReplyDelete
  33. 2nd Period
    Meyer Wilson
    #7
    Market: Gasoline
    Event: Large sports-utility vehicles (like Suburbans and Expeditions) become more popular
    Shift: Demand
    Direction: Right
    Determinant: TIMER - Resources; Compliment

    #64
    Market: Adidas shoes
    Event: Nike shoes go on sale for 85% off.

    ReplyDelete
  34. Athul Johnson
    Period 6
    #7
    Market: Yachts
    Event: The average price of stocks falls by over 20% between now and the end of the year.
    Shift: Supply
    Direction: Left
    Determinant: Expectations

    #65
    Market: Japanese Cars
    Event: Studies show that Japanese cars are more reliable and cheaper than other brands.

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

    ReplyDelete
  36. #41 Market: Gun
    Event: New Anti gun legislation is approved.

    Would the demand or supply curve shift?

    DEMAND

    Would the curve shift to the right or the left?

    LEFT

    Determinant(s) involved?

    Expectations


    #66
    Market: House Making
    Event: Due to many factors trees are dying therefore wood cannot be used in making of houses.

    ReplyDelete
  37. Grace Swift 6th period

    Market: hair gel
    Event: worldwide epidemic of hair loss
    Shift: demand
    Direction: left
    Determinant: market size

    #67
    Market: ranch
    Event: price of lettuce increases

    ReplyDelete
  38. Jane Hua
    Period 6

    #44
    Market: Cat Treats
    Event: The price of cat food goes down
    Would the demand curve or supply curve shift? Demand
    Would the curve shift to the right or left? Right
    Determinant Involved: TIMER Related Goods - Compliments

    #68
    Market: Christian Dior “Diorama” Bag
    Event: Released as part of the brand’s new Autumn-Winter 2016-17 collection

    ReplyDelete
  39. Period 6

    #46
    Market: Samsung Phones
    Event: Samsung galaxy explodes upon charging
    Demand curve shifts right due to tastes

    #69
    Market: Lollipops
    Event: disease kills sugarcane crops

    ReplyDelete
  40. Period 6

    #30 Hot dog buns
    Event: The price of flour rises
    Supply curve shifts left due to Raw materials (Stoner)

    #70
    Market: TVs
    Event: Price of plastic goes up

    ReplyDelete
  41. Period 4

    #47: The demand curve for pizzas shifts to the left due to substitute related goods (TIMER).

    #71: Market: mangos; Event: The Kardashians tweet that mangos are the new super fruit for weight loss.

    ReplyDelete
  42. Taylor Mott
    Period 6

    #49: The supply curve; shift left; resources (stoner)

    #72: Market: peanut butter; Event: the price of jelly increases

    ReplyDelete
  43. Saniza Sunesara
    period - 6

    #72: Market: peanut butter; Event: the price of jelly increases
    -- supply curve for peanut butter shifts left due to decrease in resources.

    #73- market- sweaters event- temperature changes (cool)

    ReplyDelete
  44. Zoe Leibowitz
    Period 2
    #73- the demand curve shifts right; (TIMER)- expectations.
    #74- market- colored pencils; event- back to school season

    ReplyDelete
  45. ^Don't know what went wrong up there

    Alexus Guevarra
    Period 2
    #50- neither demand or supply curve shift; creates a surplus of the product
    #75- Market- Maggie Moos's ice cream; Event- Ben and Jerrys go out of buisness

    ReplyDelete
  46. Doris Chien
    Period 2

    #51
    Market: Books
    Event: Barnes and Noble reduces the prices of all their books
    Would the demand curve or supply curve shift? Demand
    Would the curve shift to the right or left? Right
    Determinant involved: Income (TIMER)

    #75
    Market: Ice Skating rinks
    Event: A new skating rink just opened down the street from them.

    ReplyDelete
  47. #52
    Market: Computer Hardware
    Event: New technology makes it easier to create pure silicon crystals for PCB's
    The supply curve would shift and it would shift to the right.
    The determinant involved is Technology from STONER

    #76
    Market: Lemonade stands
    Event: The temperature reaches over 100 degrees in Missouri City

    ReplyDelete
  48. Bryan Pulliam
    Period 4

    #33
    Market: Cowboy boots
    Event: Old Navy launches an ad campaign called "Everyone in cowboy boots." Would the demand curve or supply curve shift? Supply and demand because they are promoting it to get more people to buy it a Would the curve shift right or left? to the right, they will have a surplus of boots. but will sell when people see the ad.

    #76
    Market: Shoes
    Event: 75 percent off on all shoes.

    ReplyDelete
  49. Truth Thomas
    Period 4

    #53
    Market: iPhones
    Event: Apple increase the price of the new iPhones
    The demand for iPhones would decrease, causing a surplus, therefore there is no shift

    #77
    Market: Skittles
    Event: Skittles factory workers go on strike for 2 weeks

    ReplyDelete
  50. Period 6

    #77
    Market: Skittles
    Event: Skittles factory workers go on strike for 2 weeks.
    The supply of Skittles would decrease. The supply curve would shift left. STONER (R) Resources/Raw Materials

    #54
    Market: Fossil Watches
    Event: Cost of leather increases 5%.

    ReplyDelete
  51. Mervin Cherian
    #54
    Market: Oil -
    Event:Fracking comes out and decreases the price of obtaining the oil?
    The supply curve would shift left due to a change in teachnology

    #78
    Market: Candy Bars
    Event: Studies have shown that eating candy bars would make you gain weight?

    ReplyDelete
  52. #54: Oil - Fracking comes out and decreases the price of obtaining the oil?

    Supply or Demand?
    Supply Curve

    Left or Right?
    Right

    Determinants?
    Technology/Resources

    #78
    Market: Tesla
    Event: Tesla created a new machine that allows Tesla to make the steel doors 10 times faster than it usually takes to build the steel doors.

    ReplyDelete
  53. Hunter Bergfeld
    Period 2
    #77
    Supply moves left due to a change in resopurses, supply decreases and price increases.

    #78
    Market: Pineapples
    Event: scientests say eating one pineapple a week will increase your lifespan by 10%

    ReplyDelete
  54. Humdaan Balagamwala
    Period 4
    #56
    Market: Starbucks Coffee
    Event: There is a rumor that a cheaper coffee house will open in town next week.
    Shift: demand
    Direction: left
    Determinant: TIMER/Expectation

    #79
    Market: Airplanes
    Event: A magazine claims that Airbus is a better airplane manufacturer than Boeing.

    ReplyDelete
  55. #54
    Market: Fossil Watches
    Event: Cost of Leather increases 5%
    The demand curve would shift left. Leather is a related good(Timer) so an increase in it's price would cause an increase the the cost to produce the watches, decreasing demand.

    #78
    Market: MAC Cosmetics
    Event: A recall on an ingredient of their makeup

    Taylor Hunter 4th

    ReplyDelete
  56. market: Oil
    Event: Fracking comes out and decreases the price of obtaining oil
    There fore the supply of oil will increase (Stoner- Tech) and lower the price

    Market: water
    Event: Global water supplies have become infected with a bug

    ReplyDelete
  57. #78
    Market: MAC Cosmetics
    Event: A recall on an ingredient of their makeup
    shift in supply curve to the right due to the resources on stoner.

    #79
    Market: Automobiles
    Event: an increase in the costs of tires.

    Devin Laird 2nd

    ReplyDelete
  58. #57
    Market: fuzzy socks
    Event: price is said to go down after Christmas time
    The demand curve would shift left due to expectation (TIMER)

    #80
    Market: Track and field Spikes
    Event: Track and field season has ended

    Christopher Yee 6th

    ReplyDelete
  59. #80
    Market: Track and field Spikes
    Event: Track and field season has ended
    The demand curve would shift left due to change in expectations.

    #81
    Market: Basketball shoes
    Event: It was found that many basketball players who endorse basketball shoes were using steroids to enhance their game.

    Joshua Biju 6th

    ReplyDelete
  60. #81
    Market: Basketball shoes
    Event: It was found that many basketball players who endorse basketball shoes were using steroids to enhance their game.
    demand shift left due to taste (timer)

    82
    market- Disney world tickets
    event- Disney increases the price of tickets to all Disney parks

    ReplyDelete
  61. #58
    Market: Toothpaste
    Event: Colgate announces that there has been a contaminant in there supply.
    -Demand left due to Taste (Timer)

    #83
    Market: Backpacks
    Event: The school year is very close to beginning

    ReplyDelete
  62. Raymond Johnson period 4
    #83
    Market:backpacks
    Event: The school year is is very close to beginning
    -Demand right due to Taste of Product (TIMER)

    #84
    Market: Video game Consoles
    Event: A competitor releases a new video game console





    ReplyDelete
  63. Priyanka Ranchod
    Period 6

    #59
    Market: Jif (peanut butter)
    Event: Price of grape jelly rises
    -Response: Demand curve will shift to the left due to taste(timer)

    #84
    Market: Michael Kors Purses
    Event: The price of leather used goes up

    ReplyDelete
  64. Chandler Jacobs pd 2
    #84
    Market: Michael Kors purses
    Event: the price of leather goes up
    Response: the supply curve will shift left due to raw materials

    ReplyDelete
  65. #85
    Market: Play Station 4
    Event: price of xbox 1 increases

    ReplyDelete
  66. Robey Lukose
    #85
    Market:Play Station
    Event: Price of Xbox1 increases
    Response: the demand curve shifts right due to change of price in related goods (substitution)


    #86
    Market: Addidas Shoes
    Event: Kanye tweets about a giveaway for 50 yeezys 2 weeks from the day of the tweet

    ReplyDelete
  67. Michael Rosario
    4th Period

    #60
    Market: Chocolate
    Event: price of chocolate increases on valentine's day
    - Response: Demand Curve shifts right due to anticipation that price will go up

    #85
    Market: Coffee Mugs
    Event: Famous Celebrity advertises a mug

    ReplyDelete
  68. Gloria Contreras 2nd period
    #60
    Market: Chocolate
    Event: Price of chocolate increases on valentine's day
    Reaction: the demand curve shifts to the right due to the change in taste
    #86
    Market: strawberries
    Event: the price of fertilizer used by the strawberry farmer increases dramatically

    ReplyDelete
  69. Janelle Rodriguez
    2nd period
    I got lost.... send help
    #78
    Market: Pineapples
    Event: scientests say eating one pineapple a week will increase your lifespan by 10%.
    response: Demand Curve would shift right due to tastes and preferences in timer

    #85
    Market: Soccer Cleats
    Event: Soccer Season has just begun

    ReplyDelete
  70. Sarah Johnson
    2nd Period

    #85
    Market: Coffee Mugs
    Event: Famous Celebrity advertises mug

    Demand or Supply curve shift?
    Demand

    Left or Right?
    Right

    Determinant(s)?
    Tastes (Advertising and Marketing)

    #87
    Market: iPhones
    Event: Doctors claim using iPhones decrease your life span by 5 years

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

    ReplyDelete
  72. Oluwamuyiwa Peters
    #87
    Market: iPhones
    Event: Doctors claim using iPhones decrease your life span by 5 years
    Reaction:demand curve will shift left due to change in taste
    #88
    Market:Italian Shoes
    Event:The price of leather decreases

    ReplyDelete
  73. Akhil Singh
    2nd Period

    #61
    Market: Windshield wiper blades
    Event: weather report says heavy rain season is around the corner
    Response: The demand curve would shift to the right due to heavy rain season coming soon; causing the necessity for functional wiper blades to spike.

    #88
    Market: Swim Gear
    Event: Swim season is beginning for the new school year, there is an influx of new swimmers joining.

    ReplyDelete
  74. #88 The supply curve would shift right because it would the resources/raw materials would be cheaper therefore making it cheaper to make the shoes.
    #89
    Market: bottled water
    event: hurricane season is coming up

    ReplyDelete
  75. #79 Market: Automobiles
    Event: an increase in the costs of tires.
    Supply curve shifts left
    Detriment: The Cost of Inputs went up

    #88 Market: iPhone 7
    Event: Samsung smartphones are exploding on people.

    ReplyDelete
  76. Per. 4

    #89
    Demand shifts right due to expectations

    #90
    Market: dresses and makeups
    Event: when prom season is coming up

    ReplyDelete