FILL IN THE BLANK SPACES IN THE TABLES BELOW

HERE IS AN EXAMPLE;

Market	What changed?	Demand	Supply	Equilibrium price and quantity
DVDs	Demand	Increase	Decrease	Decrease
Digital Content	Number of buyers decreased	Decrease	Decrease	Decrease

Real World Connections: Supply and Demand

Remember that all changes are other things being equal.

1.Piano stores close down as fewer young people are taking up the instrument. The article also mentions that technology has improved so that pianos last longer.

Article:lehighvalleylive.com/music/index.ssf/2015/01/piano_stores_closing_sales_plu.html

Market	What changed?	Demand	Supply	Equilibrium Price and Quantity
Pianos

1. Drought and demand from Arby's creates a brisket shortage; the article also mentions the increase in the popularity of brisket.

Article:cbsnews.com/news/brisket-shortage-has-texas-barbecue-lovers-facing-rising-costs/

Market	What changed?	Demand	Supply	Equilibrium price and quantity
Brisket

1. There is an oversupply of oil from increased North American and Saudi Arabian production. Article:businesstoday.intoday.in/story/oil-prices-brent-crude-extends-loss-on-supply-glut-jan-14/1/214565.html

Market	What changed?	Demand	Supply	Equilibrium price and quantity
Gasoline

4. New cage laws for chickens decrease the number of chickens (and therefore the number of eggs).

Article:cbsnews.com/news/why-egg-prices-will-likely-rise-in-2015/

Market	What	Demand	Supply	Equilibrium price and quantity
	changed?
Eggs

5. Movie ticket prices increase.

Article:time.com/3666765/movie-theaters-ticket-prices-box-office-revenue-summer/

Market	What changed?	Demand	Supply	Equilibrium price and quantity
Movie tickets