1. Markets: 6 Demand & Supply Problems
#1. In the market for fine dining, what will happen if incomes across the population rise?
Supply
Demand
Price
Quantity Pe Qe
ECO 285 – Macroeconomics – Dr. D. Foster

2. #2. In the market for beef, what will happen if the price of pork rises and the government restricts the import of beef?
Supply
Demand
Price
Quantity Pe Qe
ECO 285 – Macroeconomics – Dr. D. Foster

3. #3. In the market for apartments, what will happen if NAU’s enrollment increases 25%?
Supply
Demand
Price
Quantity Pe Qe
ECO 285 – Macroeconomics – Dr. D. Foster

4. #4. In #3 (market for apartments), what will happen if NAU students successfully lobby the city council to establish a “rent ceiling” at Pe?
Supply
Demand
Price
Quantity Pe Qe
ECO 285 – Macroeconomics – Dr. D. Foster

5. #5. In the market for new cars, what will happen if gas prices jump by 25% and auto workers go on strike?
Supply
Demand
Price
Quantity Pe Qe
ECO 285 – Macroeconomics – Dr. D. Foster

6. #6. In the market for the Xbox, what will happen if the price of Sony Playstations fall as does the price of games that are played on the Xbox?
Supply
Demand
Price
Quantity Pe Qe
ECO 285 – Macroeconomics – Dr. D. Foster