"I'm curious about what would happen to the supply curve at my company, Acme Corporation, under different conditions. For example, what would happen if:

• The wages paid to workers increases?
• Acme installs a new technology that increases labor productivity?
• The price of Acme's product increases?
• Acme repairs its existing facility that was damaged by a storm?"

"I'm working as a restaurant consultant. My clients are Amy's Diner and Joe's Burger Stop. Both restaurants are in the same neighborhood. They have similar menus that include hamburgers, French fries, and soft drinks. This week, Amy's supplier raised the price of hamburger meat, but Joe's has not. Can you help me explain how the supply and demand model works in the situations described below?"

• The equilibrium price and quantity of hamburgers Amy sold
• The equilibrium price and quantity of French fries Amy sold
• The equilibrium price and quantity of hamburgers Joe sold
• The equilibrium price and quantity of soft drinks Joe sold

"In my city, rents have skyrocketed, and long-term tenants find they can no longer afford to stay in their apartments. As a result, numerous proposals have been made to enact rent-control ordinances that would keep rents in rent-controlled units below market clearing levels. Using the supply and demand model, can you please explain:

1. The effects of rent control on equilibrium price and quantity of apartments offered?
2. Incentives for apartment owners to build new apartments?
3. The viability of long-time renters to remain in their housing?
4. The ability of newly employed workers (who often need to provide at least two pay stubs during the application process) to find apartments?
5. Now, based on your answers to a-d, do you recommend rent control as a solution to the problem? What other options could be used to solve the problem? Do you think it is a demand or supply problem or both?"