Changes in Supply and Demand Module 7 Changes in Supply and Demand

M7 Quiz 1. Draw a graph of an increase in demand. List 2 examples of determinant changes which could cause this. Write what happens to equilibrium price and quantity 2. Draw a graph of a decrease in supply. Write what happens to equilibrium price and quantity. 3. Draw a graph of a simultaneous increase in demand and decrease in supply. List an example of the events which could cause this. Write what happens to equilibrium price and quantity *hint this is tricky* M7 Quiz

Reffonomics.com 2 teams (even # of people please) Different sides of the room Choose a team captain and Team name (name must relate to economics) Create a Line-Up Roster People who know the least should go first (easier questions in the beginning) For more than 9 players on your team, make pairs on the roster (only 9 questions per team) Reffonomics.com