ECON 121 Cuyamaca College Economics Supply and Demand Discussion

User Generated

uryybnafjref

Economics

econ 121

Cuyamaca College

ECON

Description

Supply and Demand Discussion

Please think of an example from everyday life of an event that caused either the supply or the demand for a product to increase or decrease (please only shift one curve - I would like to keep the examples straight forward). Please take the time to think of a straight-forward (easy) example; it will work much better.

Once you have your example, please complete the following steps for your discussion post:

  1. write a short description of the event explaining if it caused the supply curve OR the demand to shift and in which direction (increase or decrease)
  2. explain how the shift affected the quantity and price in the market for the product.
  3. draw a graph showing:

the original supply and demand curves

the original equilibrium point

the original quantity and price (q1 and p1 are fine - you don't need to add real prices or quantities)

how the curve shifted (right or left)

the new equilibrium point

the new quantity and price (q2 and p2 are fine)

*don't forget to label both axes

**Hand-drawn graphs are totally fine. Please just take a picture and upload it

In a separate document i need these below answered but please send me the top question first and I can wait longer for below questions.

8. Draw a diagram of a surplus. Be sure to LABEL the quantity demanded, quantity supplied, and the surplus or shortage. (Hint: your diagram should look like the one on slide 36 of the PPT presentation)

**Please draw your own diagram (don't copy and paste one from the internet).

21. Draw a diagram of a shortage. Be sure to LABEL the quantity demanded, quantity supplied, and the surplus or shortage. (Hint: your diagram should look like the one on slide 39 of the PPT presentation)

**Please draw your own diagram (don't copy and paste one from the internet).

Use a supply and demand diagram to show what will happen in the market for puppy food as spring arrives and more puppies are born.

Please draw the graph by hand (do not copy and paste) and upload a picture to this question.

*****************************************************************************

Be sure to label:

price axis, quantity axis

demand curve, supply curve

original equilibrium point (q1 and p1)

new supply OR demand curve

new equilibrium point (q2 and p2)

arrows on the axes showing what happened to the quantity and price

*Please graph the FIRST thing that will happen in the market - only shift one curve.

Your graphs should look similar to the graph below but show what is happening in the scenario.

increase_demand.png

22. Use a supply and demand diagram to show what will happen in the market for sunscreen if an ingredient used to make sunscreen is banned by the FDA.

Please draw the graph by hand (do not copy and paste) and upload a picture to this question.

******************************************************************************

Be sure to label:

price axis, quantity axis

demand curve, supply curve

original equilibrium point (q1 and p1)

new supply OR demand curve

new equilibrium point (q2 and p2)

arrows on the axes showing what happened to the quantity and price

*Please graph the FIRST thing that will happen in the market - only shift one curve.

Your graphs should look similar to the graph below but show what is happening in the scenario.

increase_demand.png

23. Use a supply and demand diagram to show what will happen in the market for peanuts if more people develop nut allergies.

Please draw the graph by hand (do not copy and paste) and upload a picture to this question.

*****************************************************************************

Be sure to label:

price axis, quantity axis

demand curve, supply curve

original equilibrium point (q1 and p1)

new supply OR demand curve

new equilibrium point (q2 and p2)

arrows on the axes showing what happened to the quantity and price

*Please graph the FIRST thing that will happen in the market - only shift one curve.

Your graphs should look similar to the graph below but show what is happening in the scenario.

increase_demand.png

24. Use a supply and demand diagram to show what will happen in the market for cotton if the government begins to subsidize cotton farmers.

Please draw the graph by hand (do not copy and paste) and upload a picture to this question.

******************************************************************************

Be sure to label:

price axis, quantity axis

demand curve, supply curve

original equilibrium point (q1 and p1)

new supply OR demand curve

new equilibrium point (q2 and p2)

arrows on the axes showing what happened to the quantity and price

*Please graph the FIRST thing that will happen in the market - only shift one curve.

Your graphs should look similar to the graph below but show what is happening in the scenario.

increase_demand.png

25. Use a supply and demand diagram to show what will happen in the market for dark chocolate if consumer's incomes increase and dark chocolate is a normal good.

Please draw the graph by hand (do not copy and paste) and upload a picture to this question.

****************************************************************************

Be sure to label:

price axis, quantity axis

demand curve, supply curve

original equilibrium point (q1 and p1)

new supply OR demand curve

new equilibrium point (q2 and p2)

arrows on the axes showing what happened to the quantity and price

*Please graph the FIRST thing that will happen in the market - only shift one curve.

Your graphs should look similar to the graph below but show what is happening in the scenario.

increase_demand.png

26. Use a supply and demand diagram to show what will happen in the market for almond milk if the price of almonds increases.

Please draw the graph by hand (do not copy and paste) and upload a picture to this question.

******************************************************************************

Be sure to label:

price axis, quantity axis

demand curve, supply curve

original equilibrium point (q1 and p1)

new supply OR demand curve

new equilibrium point (q2 and p2)

arrows on the axes showing what happened to the quantity and price

*Please graph the FIRST thing that will happen in the market - only shift one curve.

Your graphs should look similar to the graph below but show what is happening in the scenario.

increase_demand.png


User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Check this.

An umbrella market model :
A business model has a demand curve, with the number of umbrellas consumers would like
to purchase at different prices and a supply curve, with the number of umbrellas that umbrella
manufacturers would be able to sell at different prices. If the selling price is too high,
manufacturers would find that they cannot sell all the umbrellas they would like, so they
would be forced to lower the price and decr...


Anonymous
Really helped me to better understand my coursework. Super recommended.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags