Name: Date: Period: Equilibrium News Directions: Analyze the effects of each news headline about a market, the item you are graphing for is in parenthesis. For each event, label the axes, demand curve, and supply curve. Given the determinant. Make sure you know the difference between SUPPLY and DEMAND when shifting! Our determinants are in ROTTENITRIBE. Only ONE line will shift at a time! Read carefully. Exampla: 2. A movie increases popularity of athletic shoes 1. Price of Rubber Increases Dramatically (athletic [athletic shoes] shoes] Determinant: Price n ----- Quantity 3. Price of Sport Sandals drops drastically [athletic sneakers] 4. The government gives a subsidy to the producers (athletic shoes] Determinant: Determinant: Name: Date: Period: 5. Two new athletic shoe companies enter the market production begins today [athletic shoes} Determinant: 7'. Insects kill half the world's tomato crop {tomato market} Determinant: 9. Price of computer hardware tumbles [computer market} Determinant: 6. Consumers worry price of athletic shoes may increase next month {athletic shoes right now] Determinant: 8. Recession hits many consumers lose jobs [movie ticket sales} Determinant: 10. Government places a tax on construction industries {construction market} Determinant