3.06 Market Equilibrium.docx - Name Hailey Allen...

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Name: Hailey Allen Facilitator: Mr. Raines Date: October 2, 2018 School: BCVS 3.06 Market Equilibrium Indicate which graph best describes the scenario. Use determinants of demand and determinants of supply (INSECT or PESTSTRIP) to support your answers. Product Related Item Answer 1. Oranges A drought destroys half of the crop. d 2. Fast Food Restaurants The minimum wage is raised to $15. a 3. T-bone Steaks Personal Income Tax rate reduction. a 4. Movie Popcorn The price of movie tickets increases. b 5. Disney World hotels Disney World increases ticket prices. b 6. New Housing Construction The cost of lumber decreases. a 7. Pepsi The price of Coca Cola increases.

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