For each “Market Change” there is a Demand column and a Supply Column. In each of those two columns, you should write one of these three things: Increase, Decrease, or Neither. (Every market change will have at least one “Neither”.) #5 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, there have been increased tariffs on goods made overseas. How have these affected steel markets? (HINT: A tariff is sometimes called another name.) 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? Why? Why? #9 Market Change Demand Supply #10 Market Change Demand Supply In May, not long after many received a fiscal stimulus check, the Nintendo Switch was difficult to find in stores. Teleconferencing options have increased over the past few years. How has this affected the market for Health Insurance? Why? Why? #11 Market Change Demand Supply #12 Market Change Demand Supply Car insurances prices have decreased. Due to COVID-19, many car washes closed. Why? Why?
For each “Market Change” there is a
write one of these three things: Increase, Decrease, or Neither. (Every market change will have at least one “Neither”.)
#5 Market Change Demand Supply #6 Market Change Demand Supply
Minimum wage rises. Recently, the
stores.
Why? Why?
#7 Market Change Demand Supply #8 Market Change Demand Supply
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.)
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?
Why? Why?
#9 Market Change Demand Supply #10 Market Change Demand Supply
In May, not long after many
received a fiscal stimulus
check, the Nintendo Switch
was difficult to find in stores.
Teleconferencing options have
increased over the past few years.
How has this affected the market
for Health Insurance?
Why? Why?
#11 Market Change Demand Supply #12 Market Change Demand Supply
Car insurances prices have
decreased.
Due to COVID-19, many car washes
closed.
Why? Why?
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