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Demand & Supply Diagrams Flashcards | StudBud
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Demand & Supply Diagrams
Demand & Supply Diagrams
19 terms
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StudBud Administration
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117 plays
Economics & Business
Flashcards
19 cards
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Practice quiz
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Questions
19
Answers
1
Market for potatoes - Increase in price of fish
Increase in price
Decrease in supply
Decrease in Demand
Increase in Demand
Increase in Supply
Decrease in price
2
Market for Daz washing powder - decrease in the price of its rival - Ariel
Decrease in Demand
Decrease in price
Decrease in supply
Increase in price
Increase in Supply
Increase in Demand
3
Car market - stronger trade union for workers
Decrease in Demand
Increase in Demand
Increase in Supply
Decrease in supply
Decrease in price
Increase in price
4
Barbie dolls - popular new Barbie movie
Increase in Demand
Increase in Supply
Decrease in Demand
Decrease in price
Decrease in supply
Increase in price
5
E.g. - Car market - real incomes rise
Decrease in Demand
Increase in price
Increase in Demand
Increase in Supply
Decrease in supply
Decrease in price
6
Market for steel - global recession
Increase in price
Decrease in price
Increase in Demand
Decrease in Demand
Increase in Supply
Decrease in supply
7
Banana market - more frequent tropical storms
Decrease in Demand
Increase in Supply
Decrease in price
Decrease in supply
Increase in Demand
Increase in price
8
Car market - Increase in the price of steel
Increase in Supply
Decrease in Demand
Decrease in supply
Increase in Demand
Increase in price
Decrease in price
9
Car market - scrapping of the need for an MOT every year
Increase in Supply
Decrease in price
Decrease in supply
Increase in Demand
Increase in price
Decrease in Demand
10
market for chocolate - increase in automation
Increase in price
Decrease in Demand
Increase in Supply
Decrease in price
Decrease in supply
Increase in Demand
11
Ice cream market - warmer winter than predicted
Increase in Demand
Decrease in price
Increase in Supply
Decrease in supply
Increase in price
Decrease in Demand
12
Cinema tickets - increase in the price of popcorn
Decrease in Demand
Increase in price
Decrease in supply
Increase in Demand
Decrease in price
Increase in Supply
13
Market for stair lifts - increase in number of over 65's in population
Increase in Demand
Decrease in price
Decrease in supply
Increase in price
Increase in Supply
Decrease in Demand
14
Long haul flight market - Increase in Air passenger duty (APD)
Decrease in price
Increase in Demand
Decrease in supply
Increase in price
Decrease in Demand
Increase in Supply
15
Market for
bus
travel
- Increase in congestion charge.
Decrease in Demand
Decrease in supply
Increase in price
Increase in Demand
Increase in Supply
Decrease in price
16
Solar panel market - increase in subsidy
Increase in price
Decrease in Demand
Increase in Demand
Decrease in price
Decrease in supply
Increase in Supply
17
Luxury watch market - increase in price of gold
Decrease in Demand
Increase in price
Increase in Supply
Increase in Demand
Decrease in supply
Decrease in price
18
Ready meal market - increase in the households with both parents in full time employment
Increase in Supply
Increase in Demand
Decrease in price
Decrease in Demand
Increase in price
Decrease in supply
19
Housing market - increase in interest rates
Decrease in supply
Increase in Supply
Decrease in price
Increase in Demand
Decrease in Demand
Increase in price
