DEMAND PRACTICE

Use economic Analysis to determine what happens to the price and quantity of computer games in each scenario. Show what happens on the graph, then complete the Economic Analysis Section. Remember to label your original curve AND the shift. Each Scenario WILL shift the curve, and each scenario is independent of the others.

1. CHANGE: It becomes known that an electronics store is going to have a sale on their computer games - 3 months from now.

A. Draw and label equilibrium

B. The Change: Supply or Dmand, Increase or Decrease Shifter