Consumers Worry Price of Athletic Shoes May Increase Next Month Section 64

Consumers worry price of athletic shoes may increase

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Consumers Worry Price of Athletic Shoes May Increase Next MonthSection 6.4 Reading NotesQuantity of Athletic ShoesPrice of Athletic ShoesP2Q2Q1S1DS2P1
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52Chapter 6© Teachers’ Curriculum InstituteN o t e b o o k H a n d o u t 6Analyze the effects of each news headline about events affecting a variety of markets. Identify the market indicated in parentheses before conducting your analysis. For each event,label the axes, demand curve, and supply curve.explain the effect of the event on either the demand or the supply curve.graph the resulting change in equilibrium price and equilibrium quantity.Effect of Headlines on Various Markets7Insects Kill Half the World’s Tomato Crop (tomato market)8Recession Hits—Many Consumers Lose Jobs (movie ticket sales market)9Price of Computer Chips Tumbles (computer market)10Price of Salmon Skyrockets (sea bass market)11Government Places Excise Tax on Cigarettes to Discourage Smoking (cigarette market)12Government Sets Price Floor Above Equilibrium Price to Help Farmers (milk market)13Price of DVD Players Plummets (DVD market)14New, More Efficient Assembly Line Technology Introduced (automobile market)
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