E
Market: Generic Cereal
Scenario: The economy booms and household incomes rise across the city.
Shifting Graph: demand (left)
Cause for shift: income
Price: decrease
Quantity: decrease
Market: Umbrellas
Scenario: A massive rainstorm is forecasted for 2 weeks. (Perspective: the buyers)
Shifting Graph: demand (right)
Cause for shift: preferences
Price: increase
Quantity: increase
Market: Pizza Places
Scenario: Four new independent pizzerias open on Friendly Ave.
Shifting Graph: supply (right)
Cause for shift: number of sellers
Price: decrease
Quantity: increase
Market: Corn
Scenario: A massive subsidy per acre harvested is given to farmers.
Shifting Graph: supply (right)
Cause for shift: government involvement
Price: decrease
Quantity: increase
Market: Smartphones
Scenario: Rumor leak about a better, cheaper model dropping next month.
Shifting Graph: demand (left)
Cause for shift: buyer expectation
Price: decrease
Quantity: decrease
Market: Smartphones
Scenario: A new, faster manufacturing technology is invented.
Shifting Graph: supply (right)
Cause for shift: technology
Price: decrease
Quantity: increase
Market: Coffee
Scenario: The price of tea plummets.
Shifting graph: demand (left)
Cause of shift: price of related goods
Price: decreases
Quantity: decreases
Market: Burgers
Scenario: The cost of beef doubles.
Shifting graph: supply (left)
Cause of shift: price of resources
Price: increases
Quantity: decreases
Market: Winter Coats
Scenario: Winter arrives early.
Shifting Graph: demand (right)
Cause for shift: preference
Price: increase
Quantity: increase
Market: Electric Cars
Scenario: Consumers get a $5,000 tax credit to buy electric.
Shifting Graph: demand (right)
Cause for shift: government involvement
Price: increase
Quantity: increase
Market: Laptops
Scenario: New robotic method cuts chip assembly time in half.
Shifting Graph: supply (right)
Cause for shift: technology
Price: decrease
Quantity: increase
Market: Wheat
Scenario: Severe frost destroys half of the midwest crops.
Shifting Graph: supply (left)
Cause for shift: nature
Price: increase
Quantity: decrease
Market: Hotdog Buns
Scenario: The price of hotdogs spikes dramatically.
Shifting Graph: demand (left)
Cause for shift: price of related goods
Price: decrease
Quantity: decrease
Market: Calculators
Scenario: 500 new students transfer into the local district.
Shifting Graph: demand (right)
Cause for shift: number of buyers
Price: increase
Quantity: increase
Market: Solar Panels
Scenario: A heavy tax has been imposed on cell manufacturing factories.
Shifting Graph: supply (left)
Cause for shift: government involvement
Price: increase
Quantity: decrease