create a children's book that teaches about the reasons for changes in supply and demand. The bulk
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Question:
create a children's book that teaches about the reasons for changes in supply and demand. The bulk of your book should revolve around your examples/explanations for the reasons for shifts in demand and supply. Your examples should include a decorative/illustrative page, and you may create a collage of found images or you can draw your own pictures! When you have completed your collage, submit, scan, or take a photo/screenshot of each page, and create a slideshow with the first slide being the title of your book. Save a pdf of your slideshow and submit your pdf to complete this assignment.
Book Format
Page # | Information to include | What happened to equilibrium Price and Quantity? |
---|---|---|
Demand | ||
1 | Illustrate an Increase in demand (draw a graph and SHOW a shifting curve! Label D1 and D2) Illustrate a decrease in demand (draw a graph and SHOW a shifting curve! Label D1 and D2) | P /? Q /? |
2 | Taste & Preferences of Consumers: Explain (in your own words!) and give an example of this demand shifter | P /? Q /? |
3 | Income of consumers Explain (in your own words!) and give an example of this demand shifter | P /? Q /? |
4 | Related Goods- Substitutes Explain (in your own words!) and give an example of this demand shifter | P /? Q /? |
5 | Related Goods- Compliments Explain (in your own words!) and give an example of this demand shifter | P /? Q /? |
6 | Expectation of Future Prices and Price Change Explain (in your own words!) and give an example of this demand shifter | P / Q / |
7 | Size of Populations/ Market (# of people) Explain (in your own words!) and give an example of this demand shifter | P /? Q /? |
Supply | ||
8 | Illustrate an Increase supply (draw a graph and SHOW a shifting curve! Label S1 and S2) Illustrate a decrease in supply (draw a graph and SHOW a shifting curve! Label S1 and S2) | P /? Q /? |
9 | Technology Explain (in your own words!) and give an example of this supply shifter | P /? Q /? |
10 | International Events (natural disasters/war) Explain (in your own words!) and give an example of this supply shifter | P /? Q /? |
11 | Government (taxes) Explain (in your own words!) and give an example of this supply shifter | P /? Q /? |
12 | Government (subsidies) Explain (in your own words!) and give an example of this supply shifter | P /? Q /? |
13 | Resources (cost of inputs) Explain (in your own words!) and give an example of this supply shifter | P /? Q /? |
14 | Expectations Explain (in your own words!) and give an example of this supply shifter | P /? Q /? |
Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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