Question: Supply & Demand Directions: For each scenario analyze the effects of the Market change. Will the change affect supply or demand. Will supply or demand

Supply & Demand Directions: For each scenario analyze the effects of the Market change. Will the change affect supply or demand. Will supply or demand increase or decrease. Identify the determinant (factor) that caused the change. Lastly, illustrate the change by graphing shifters or movement along the curve. Remember to label the curve(s): (D, D1, S, S1) # Scenario Graph Analysis 1. Market: Peaches Price 1. Supply or demand A new study finds 2. Increase or that peaches lower Decrease cholesterol. 3. Determinant: Quantity 2. Market: Beef Price 1. Supply or demand 2. Increase or The price of pork, a Decrease close SUBSTITUTE for beef, rises. 3. Determinant: Quantity 3. Market: Toilet Paper Price 1. Supply or demand 2. Increase or New toilet paper Decrease producer enters the 3. Determinant: market. Quantity
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