Please think of an example from everyday life of an event that caused either the supply or the demand for a product to increase or decrease (please only shift one curve – I would like to keep the examples straight forward). Please take the time to think of a straight-forward (easy) example; it will work much better.
Once you have your example, please complete the following steps for your discussion post:
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Get Help Now!- write a short description of the event explaining if it caused the supply curve OR the demand to shift and in which direction (increase or decrease)
- explain how the shift affected the quantity and price in the market for the product.
- draw a graph showing:
the original supply and demand curves
the original equilibrium point
the original quantity and price (q1 and p1 are fine – you don’t need to add real prices or quantities)
how the curve shifted (right or left)
the new equilibrium point
the new quantity and price (q2 and p2 are fine)
*don’t forget to label both axes
**Hand-drawn graphs are totally fine. Please just take a picture and upload it
In a separate document i need these below answered but please send me the top question first and I can wait longer for below questions.
8. Draw a diagram of a surplus. Be sure to LABEL the quantity demanded, quantity supplied, and the surplus or shortage. (Hint: your diagram should look like the one on slide 36 of the PPT presentation)
**Please draw your own diagram (don’t copy and paste one from the internet).
21. Draw a diagram of a shortage. Be sure to LABEL the quantity demanded, quantity supplied, and the surplus or shortage. (Hint: your diagram should look like the one on slide 39 of the PPT presentation)
**Please draw your own diagram (don’t copy and paste one from the internet).
Use a supply and demand diagram to show what will happen in the market for puppy food as spring arrives and more puppies are born.
Please draw the graph by hand (do not copy and paste) and upload a picture to this question.
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Be sure to label:
price axis, quantity axis
demand curve, supply curve
original equilibrium point (q1 and p1)
new supply OR demand curve
new equilibrium point (q2 and p2)
arrows on the axes showing what happened to the quantity and price
*Please graph the FIRST thing that will happen in the market – only shift one curve.
Your graphs should look similar to the graph below but show what is happening in the scenario.
22. Use a supply and demand diagram to show what will happen in the market for sunscreen if an ingredient used to make sunscreen is banned by the FDA.
Please draw the graph by hand (do not copy and paste) and upload a picture to this question.
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Be sure to label:
price axis, quantity axis
demand curve, supply curve
original equilibrium point (q1 and p1)
new supply OR demand curve
new equilibrium point (q2 and p2)
arrows on the axes showing what happened to the quantity and price
*Please graph the FIRST thing that will happen in the market – only shift one curve.
Your graphs should look similar to the graph below but show what is happening in the scenario.
23. Use a supply and demand diagram to show what will happen in the market for peanuts if more people develop nut allergies.
Please draw the graph by hand (do not copy and paste) and upload a picture to this question.
*****************************************************************************
Be sure to label:
price axis, quantity axis
demand curve, supply curve
original equilibrium point (q1 and p1)
new supply OR demand curve
new equilibrium point (q2 and p2)
arrows on the axes showing what happened to the quantity and price
*Please graph the FIRST thing that will happen in the market – only shift one curve.
Your graphs should look similar to the graph below but show what is happening in the scenario.
24. Use a supply and demand diagram to show what will happen in the market for cotton if the government begins to subsidize cotton farmers.
Please draw the graph by hand (do not copy and paste) and upload a picture to this question.
******************************************************************************
Be sure to label:
price axis, quantity axis
demand curve, supply curve
original equilibrium point (q1 and p1)
new supply OR demand curve
new equilibrium point (q2 and p2)
arrows on the axes showing what happened to the quantity and price
*Please graph the FIRST thing that will happen in the market – only shift one curve.
Your graphs should look similar to the graph below but show what is happening in the scenario.
25. Use a supply and demand diagram to show what will happen in the market for dark chocolate if consumer’s incomes increase and dark chocolate is a normal good.
Please draw the graph by hand (do not copy and paste) and upload a picture to this question.
****************************************************************************
Be sure to label:
price axis, quantity axis
demand curve, supply curve
original equilibrium point (q1 and p1)
new supply OR demand curve
new equilibrium point (q2 and p2)
arrows on the axes showing what happened to the quantity and price
*Please graph the FIRST thing that will happen in the market – only shift one curve.
Your graphs should look similar to the graph below but show what is happening in the scenario.
26. Use a supply and demand diagram to show what will happen in the market for almond milk if the price of almonds increases.
Please draw the graph by hand (do not copy and paste) and upload a picture to this question.
******************************************************************************
Be sure to label:
price axis, quantity axis
demand curve, supply curve
original equilibrium point (q1 and p1)
new supply OR demand curve
new equilibrium point (q2 and p2)
arrows on the axes showing what happened to the quantity and price
*Please graph the FIRST thing that will happen in the market – only shift one curve.
Your graphs should look similar to the graph below but show what is happening in the scenario.
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