Fill in the blanks in order to complete each example.Fill in the blanks in order to complete each example

Determinant

Example

Changes in income

If Johnny gets a 2% raise Johnny will demand more pizza.

Consumer Expectations

People think the price of pizza will

_______________________________________________________ next month so the demand for pizza will

_______________________________________________ now

Changes in demographics

More

___________________________________________________ move into the area the demand for pizza will

___________________________________________________

Changes in population size

People move

______________________________________________________ an area the demand for pizza in that area

______________________________________________________

Consumer Tastes and Advertising

People want

______________________________________________________ because a new study reveals

_______________________________________________________

Price of Related Goods

The price of

______________________________________________________ the demand for pizza

______________________________________________________

Fill in the blanks in order to complete each example.

Determinant

Example

Effect of Rising costs

If the price of cheese goes up the Supply of Pizza will decrease.

Technology

If Thompson's Pizzeria gets a new

_________supply______________________________

the supply of pizza will

____________increase ___________________________.

Subsidies

If the government gives a subsidy to

_____________the pizza place _________________________

in order to decrease the price of

___________pepperoni________________________

the supply of pizza will

___________decrease____________________________

Taxes

If the government of Orlando imposes a new tax on

_________________________________________

The supply of pizza will

__________________________________________

Regulation

If the government passes a regulation that requires

_____________________________________________

the supply of pizza will

____________________________________________

Global Economy

If __________________________________________

happens in

____________________________________________

The supply of pizza will

____________________________________________

Future Expectations of Prices

If pizza hut believe that the price of pizza is going to decrease next month they will try to sell

____________________________________________ pizza now by

______________________________________

Number of Suppliers

Durgin's pizzeria

_______________________________________________________

there are __________________________________________

pizzerias in the area the supply of pizza ___________________________________________