Directions

III. For the following determine if demand shifts right (an increase in demand), demand shifts left (a decrease in demand), supply shifts right (an increase in supply), supply shifts left (a decrease in supply), quantity supplied increase (a movement up along supply), quantity supplied decrease (a movement down along supply), quantity demanded increase (a movement down along demand), quantity demanded decrease (a movement up along demand

question

3. News of contaminated beef. Market: beef

1U. 11. 12. 13. 14. 15. For the following determine if demand shifts right {an increase in demand}, demand shifts left {a decrease in demand}, supply shifts right {an increase in supply}. supply shifts left [a decrease in supply}, quantity supplied increase [a movement up along supply}, quantity supplied decrease [a movement down along supply}. quantity demanded increase {a movement down along demand}, quantity demanded decrease [a movement up along demand}. Afraid of contagion with the coronavirus consumers stay away from shops and travelers put off holiday plans. Market: Hotel Rooms High prices of grain have increased the costs for dairyI farmers and beef producers. Market: Beef and Milk News of contaminated beef. Market: beef Assume consumers consider beef and chicken substitute products. News of contaminated beef. Market: Chicken. A successful advertising campaign increases the number of teenage smokers. Market: cigarettes. Assume consumers consider beef and chicken substitute products. A sharp increase in the price of beef. Market: Chicken The price of gasoline rises. Market: Uber rides. The price of coffee decreases. Market: Coffee Assume that farmers can easily switch from growing tea to growing Opium .The price of tea decreases to record low levels. Market: Opium A successful "buy American" campaign shifts coneumere' preferences towards clothes made in America. Market: Clothes made in America Unfavorable weather conditions. Market: Cotton Oil prices are expected to triple by the end of the month due to unrest in oil producing countries. Market: Clil {Today} The cloti'iing industry has been hit with high labor costs and record high cotton prices. Market: Cotton Clean up crews and reporters covering the Gulf of Mexico oil spill arrive in large numbers in the area. Market: Hotel Rooms Unusually good weather. Market; Soy Beans