### Market Changes and Their Impact on Demand and Supply#### Market Change #1**Scenario:** What is likely to happen to Almond Milk if the price of Soy Milk rises.**Demand:** [Blank]**Supply:** [Blank]**Why?:** [Blank]#### Market Change #2**Scenario:** At the beginning of March, toilet paper became difficult to find in stores.**Demand:** [Blank]**Supply:** [Blank]**Why?:** [Blank]#### Market Change #3**Scenario:** Some TCSG Schools have masonry (bricklaying) programs. How would this affect housing markets in the area if such a program were to come to CTC?**Demand:** [Blank]**Supply:** [Blank]**Why?:** [Blank]#### Market Change #4**Scenario:** During base realignment, the number of soldiers at military installations is changed. If there were an increase in soldiers at Fort Benning, how would this affect gas markets?**Demand:** [Blank]**Supply:** [Blank]**Why?:** [Blank]#### Market Change #5**Scenario:** Minimum wage rises.**Demand:** [Blank]**Supply:** [Blank]**Why?:** [Blank]#### Market Change #6**Scenario:** Recently, the price of pools rose in stores.**Demand:** [Blank]**Supply:** [Blank]**Why?:** [Blank]#### Market Change #7**Scenario:** Over the past few years, there have been increased tariffs on goods made overseas. How have these affected steel markets? (HINT: A tariff is sometimes called another name.)**Demand:** [Blank]**Supply:** [Blank]**Why?:** [Blank]#### Market Change #8**Scenario:** You start a coffee shop in the Student Center at CTC. You notice that you sell about the same amount of coffee and muffins. Based on this, you decide to increase the price of muffins. How would this affect coffee?**Demand:** [Blank]**Supply:** [Blank]**Why?:** [Blank]#### Market Change #9**Scenario:** In May, not long after many received a fiscal stimulus check, the Nintendo Switch was difficult to find in stores.**Demand:** [Blank]**Supply:** [Blank]**Why?:** [Blank]#### Market Change #10**Scenario:** Teleconferencing options have increased over the past few years

Note: Since, you've posted question with multiple sub-parts, we will solve the first the first three…

1 Market Change What is likely to happen to Almond Milk if the Price of Demand Supply #2 Market Change Demand Supply At the beginning of March, toilet paper became difficult to find in Soy Milk rises. stores. Why? Why? #3 Market Change Demand Supply #4 Market Change Demand Supply Some TCSG Schools have During base realignment, the number of soldiers at military installations is changed. If there masonry (bricklaying) programs. How would this affect housing markets in the area if such a program were were an increase in soldiers at Fort Benning, how would this affect gas markets? to come to CTC? Why? Why? #S Market Change Demand Supply #6 Market Change Demand Supply Minimum wage rises. Recently, the price of pools rose in stores. Why? Why? #7 Market Change Demand Supply #8 Market Change Demand Supply Over the past few years, You start a coffee shop in the there have been increased Student Center at CTC. You notice tariffs on goods made that you sell about the same amount of coffee and muffins. Based on this, you decide to overseas. How have these affected steel markets? (HINT: A tariff is sometimes called another name.) increase the price of muffins. How would this affect coffee? Why? Why? #9 Market Change Demand Supply #10 Market Change Demand Supply In May, not long after many Teleconferencing options have increased over the past few years. received a fiscal stimulus check, the Nintendo Switch How has this affected the market was difficult to find in stores. for Health Insurance? Why? Why? #11 Market Change Demand Supply # 12 Market Change Demand Supply Car insurances prices have ecreased. Due to COVID-19, many car washes closed. Why? Why?

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter16: Information, Risk, And Insurance

Section: Chapter Questions

Problem 23P: Using Exercise 16.20, sketch the effects in parts (a) and (b) on a single supply and demand diagram....