Changes in Supply and Demand

Question 1

Market: JELLO | News: Grandmas prefer cupcakes to traditional gelatin desserts.

Accepted Answer

Demand shifts left.

Question 2

Market: BBQ SAUCE | News: Shortage of feed grain raises prices for pork, beef, and chicken.

Accepted Answer

Demand shifts left.

Question 3

Market: BACON | News: Swine flu sweeps through American pig farms. What changes?

Accepted Answer

Supply shifts left

Question 4

Market: BBQ SAUCE | News: Shortage of feed raises prices for pork, beef, chicken. DETERMINANT?

Accepted Answer

Related Goods.

Question 5

Market: BACON | News: Swine flu devastates American pig farms. DETERMINANT???

Accepted Answer

Inputs

Question 6

Market: BALLPOINT PENS | News: Price of mechanical pencils drops.

Accepted Answer

Demand shifts left.

Question 7

Market: RESTAURANTS | News: Recession lowers Americans' take-home pay.

Accepted Answer

Demand shifts left.

Question 8

Market: JELLO | News: Grandmas prefer cupcakes to traditional gelatin desserts. DETERMINANT?

Accepted Answer

Tastes.

Question 9

Market: WHEAT | News: GPS-enabled tractors operate 24/7. DETERMINANT?

Accepted Answer

Technology.

Question 10

Market: BALLPOINT PENS | News: Price of mechanical pencils drops. DETERMINANT?

Accepted Answer

Related Goods.

Question 11

Market: RESTAURANTS | News: Recession lowers Americans' take-home pay. DETERMINANT?

Accepted Answer

Income.

Question 12

Market: WHEAT | News: GPS-enabled tractors operate 24/7.

Accepted Answer

Supply shifts right.

Questions 12