Supply & Demand

If a supplier expects the price of their product to increase in the future

Hot Chocolate and marshmallows could be considered

Which image represents a demand curve?

Example: When someone buys a slice of pizza instead of a burger because the pizza is cheaper

If Frito-Lay (the company that makes doritios & potato chips) goes out of business -what happens to the supply of chips?

If consumers expects the price of a product to increase in the future

This refers to when other producers join (or leave) the market due to a desire for profit

When an increase in demand for one product causes an increase in demand for another product

Which image represents a supply curve?

People choosing a cheaper interchangeable good or service over a more expensive option

If sugar gets more expensive, what would happen to a bakers supply of cookies?

If the government subsidizes (pays for some) vaccine research, what happens to the supply of vaccines?

According to the law of supply...

These machines at Wawa mean they don't have to pay as many employees. What happens to their supply of sandwiches?

When the government banned indoor dining, what happend to the supply of restuarant meals?

According to the law of demand...

If an assembly line makes it faster to make a product, the supply curve will...

Simone Biles is the new spokesperson for Athleta workout clothes. What is going to happen to demand?