file below
DEMAND SUPPLY INCLASS II
For each of the factors listed on the left column, put a check mark on the appropriate cell to indicate the effect of the event on Supply and Demand and equilibrium Price and Quantity (Use arrow up/down to indicate increase/decrease). Use the graph to indicate shifts/movement along Supply (from So to ..) and Demand (from Do to …) Curve
Increase/Decrease Quantity Demanded | Increase/Decrease Quantity Supplied | Increase/Decrease Demand | Increase/Decrease Supply | EQBM P | EQBM Q | |
Price of Good X | ||||||
Shift and Taste Taste and Preferences away from good X | ||||||
Decrease in producer excise taxes on Good X | ||||||
Government imposes costly new requirements of producers of Good X | ||||||
Increase in Consumer Income (Good X Normal) | ||||||
Cost of material used to make good X increases | ||||||
Decrease in the Price of Good Y, Y is a substitute good to X | ||||||
Buyers expect price of Good X to increase in the near future | ||||||
Government imposes costly new requirements of producers of Good X |
Price P
So
Po
Do
Qo
Quantity Q
