Price for hamburgers has risen; demand for hot dogs is rising.
Hot Dog Buns
The President of the United
States has released a statement that unemployment is falling, there is a
rise in output in the Country, and manufacturing activity is rising.
Popular Vacation Spots
The Chinese government has decided to subsidize its domestic automobile industry with stimulus money.
Automobiles in China
Manufacturers who use petroleum as an input see prices of crude rising.
Manufactured goods that use plastic as an input
Using the table, for each line item, write a paragraph describing how
the market for each specific product will be affected by the associated
event. Describe which curve will shift (demand or supply or both), what
effect it will have on price (rise or fall in price), and what will
happen to quantity (rise or fall in quantity). Each line item requires a