Transcript Price - cloudfront.net

Unit 2:
Supply & Demand
Together!!!
2
Market Equilibrium = Qd. = Qs.
Price
Price
Quantity
Price
Quantity
Quantity
Shortage
Surplus
Demand > Supply
Supply > Demand
Price
Price
Quantity
Quantity
Video: The Hudsucker Proxy – Hulahoop
1. Graph the supply and demand curve
2. Identify the shifter
5
Supply & Demand Headlines Worksheet
Video: The Hudsucker Proxy – Hulahoop
Price
Price
Quantity
Price
Quantity
Quantity
Chocolate Milk is proven to cure cancer; however,
half of the population of cows die from mad cow
disease.
How does this information affect the price and
quantity of chocolate milk?
Price
S
D
Quantity
Pho is proven to increase the rates of heart attacks,
and three new Pho restaurants open in the area.
How would this information affect the price and
quantity of Pho?
Price
S
D
Quantity
Pho is proven to increase the
rates of heart attacks, and
three new Pho restaurants
open in the area.
How would this information
affect the price and quantity
of Pho?
The price of chips increases, and 3 factories that
produce salsa blew up at the same time.
How would this information affect the price and
quantity of salsa?
Price
S
D
Quantity
The price of chips
increases, and 3 factories
that produce salsa blew up
at the same time.
How would this information
affect the price and
quantity of salsa?
Price Ceiling
Effective
Non-Effective
Price
Price
P.C.
P.C.
Quantity
Quantity
Price Floor
Non-Effective
Price
Effective
Price
P.F.
P.F.
Quantity
Quantity