ECON 121 Cuyamaca College Economics Supply and Demand Discussion

Question Description

Supply and Demand Discussion

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:

  1. 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)
  2. explain how the shift affected the quantity and price in the market for the product.
  3. 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.

*****************************************************************************

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.

increase_demand.png

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.

******************************************************************************

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.

increase_demand.png

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.

increase_demand.png

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.

increase_demand.png

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.

increase_demand.png

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.

increase_demand.png

Have a similar assignment? "Place an order for your assignment and have exceptional work written by our team of experts, guaranteeing you A results."

Order Solution Now

Email
Registered Office Address: 2, Frederick Street, Kings Cross, London, WC1X 0ND, UNITED KINGDOM
Eminencepapers.com ©2023 All rights reserved. Terms of usePrivacy Policy Revision PolicyMoney Back Guarantee | Plagiarism Free Guarantee
We Can Write It for You! Enjoy 20% OFF on This Order. Use Code SAVE20

Stuck with your Assignment?

Enjoy 20% OFF Today
Use code SAVE20