Duplicate of Duplicate of Economics Ch 3-5 Supply/Demand Review

Shortages occur when the price is

Oreo cookies increase in price, consumers buy more chips ahoy-new demand curve

The health dept. cites a restaurant for rat infestation, demand at that restaurant changes to

Steel costs rise, change in supply for Raynor garage doors

When a demand curve shifts to show an increase in demand, the curve shifts

When the supply curve shifts to show an increase, the curve shifts

For consumers the price of the iPhone 6 decreased, iPhone cases would see a 

Flood damages many corn fields, supply for corn changes to

Supplier produce more of a product than consumers want to purchase, this is a

January 1 exercise facilities see an increase in members, new demand curve is

Two new sandwich shops open, change in supply for sandwich shops

When the supply curve shifts to show a decrease, the curve shifts