Analyzing Demand And Supply Headlines

S t u d e n t

H a n d o u t

A

Analyzing Demand and Supply Headlines For each demand headline you analyze, do the following: (1) Record the headline in the correct row.

(2) Draw what will likely happen to the demand curve based on the headline. (3) Explain your graph.

Cite and underline the demand shifter in your explanation. Or explain why the curve did not shift and whether the quantity demanded increased or decreased.

Headline

Explanation

Movie Tickets Price

A

Demand Curve for

D1 Quantity

Disco CDs Price

B

D1 Quantity

EA_LM_05-4_v1.eps Burgers B/W 1st Proof 8-1-2008 Price

C

D1 Quantity

EA_LM_05-4_v1.eps Video Games B/W 1st Proof 8-1-2008 Price

D

D1 Quantity

Price

E

EA_LM_05-4_v1.eps Sport Utility Vehicles B/W 1st Proof 8-1-2008 D1 Quantity

F

EA_LM_05-4_v1.eps

Fresh Strawberries B/W Price

1st Proof 8-1-2008 D1 Quantity

EA_LM_05-4_v1.eps Strollers B/W 1st Proof 8-1-2008 Price

G

D1 Quantity

Price

H

EA_LM_05-4_v1.eps Laptops B/W 1st Proof 8-1-2008 D1 Quantity

EA_LM_05-4_v1.eps B/W 1st Proof 8-1-2008

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Demand and Supply EA_LM_05-4_v1.eps

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S t u d e n t

H a n d o u t

A

For each supply headline you analyze, do the following: (1) Record the headline in the correct row.

(2) Draw what will likely happen to the supply curve based on the headline. (3) Explain your graph.

Cite and underline the supply shifter in your explanation. Or explain why the curve did not shift and whether the quantity supplied increased or decreased.

Headline

Explanation

Frozen Peach Pies Price

I

Supply Curve for

S1 Quantity

Minivans Price

J

S1 Quantity

Price

K

EA_LM_05-5_v1.eps Sneakers B/W 1st Proof 8-1-2008 S1 Quantity

Price

L

EA_LM_05-5_v1.eps Gasoline B/W 1st Proof 8-1-2008 S1 Quantity

Price

M

EA_LM_05-5_v1.eps Cars B/W 1st Proof 8-1-2008 S1 Quantity

EA_LM_05-5_v1.eps Sugar B/W 1st Proof 8-1-2008 Price

N

S1 Quantity

Price

O

EA_LM_05-5_v1.eps Oregon Lumber B/W 1st Proof 8-1-2008 S1 Quantity

Price

P

EA_LM_05-5_v1.eps Solar Energy Panels B/W 1st Proof 8-1-2008 S1 Quantity

© Teachers’ Curriculum Institute

EA_LM_05-5_v1.eps B/W 1st Proof 8-1-2008

Demand and Supply

2

S t u d e n t

H a n d o u t

B

Demand Headlines

A B C D E F G H

Average Wages Decline for Workers Around the Country How will this information likely affect the demand curve for movie tickets?

1970s Styles Popular with High School and College Students How will this information likely affect the demand curve for CDs of disco music?

Fast Food Chain Raises Prices on All Menu Items How will this information likely affect the demand curve for the chain’s burgers?

Analysts Predict Video Game Prices to Increase Next Year How will this information likely affect the current demand curve for video games?

Gas Prices Increase 200% Since Last Year How will this information likely affect the demand curve for new sport utility vehicles?

Price for Fresh Blueberries Skyrockets—Cold Weather to Blame How will this information likely affect the demand curve for fresh strawberries?

Hospitals Report Dramatic Decrease in Births How will this information likely affect the demand curve for baby strollers?

Computer Maker Announces 20% Price Cut How will this information likely affect the demand curve for the company’s laptops?

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Demand and Supply

3

S t u d e n t

H a n d o u t

C

Supply Headlines

I J K L M N O P

Record Peach Harvest—Price Lowest in a Decade How will this information likely affect the supply curve for frozen peach pies?

U.S. Car Company to Close Six Factories How will this information likely affect the supply curve for the company’s minivans?

Shoe Manufacturer Increases Prices on All Styles How will this information likely affect the supply curve for the company’s sneakers?

Gas Prices to Stay Low This Year—Rise Dramatically Next Year How will this information likely affect the current supply curve for gasoline?

Robots Make Automobile Assembly Faster, Cheaper How will this information likely affect the supply curve for cars?

Congress Passes New “Sugar Tax” How will this information likely affect the supply curve for sugar?

Fire Destroys Thousands of Acres of Forest in Pacific Northwest How will this information likely affect the supply curve for lumber from Oregon?

President Approves Subsidy for Solar Energy Industry How will this information likely affect the supply curve for solar energy panels?

© Teachers’ Curriculum Institute

Demand and Supply

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