1. Sample Problem #1 Event: Coca Cola raises their prices PEPSI TIPSE ↓
Price Substitute ↑
Demand ↑
(shifts right)
Price S1 P2 E2 $1 E1 D2 D1 Q2
10,000
Qty

2. Sample Problem #2
Event: Chicken suddenly becomes more popular than beef
In-Out Burger
TIPSE ↓
Tastes ↓
Demand ↓
(shifts left)
Price S1 D2 $2 E1 P2 Q2 E2 D1
1,000
Qty

3. Market for Porsches Problem #3
Event: The price of steel increases 35% (steel is used in the production of cars)
Porsche
TIN ↓
Input Prices ↑
Supply ↓
(shifts left) S2
Price S1 P2 E2
80K E1 D1 Q2
10K
Qty

4. Tuna Problem #4 Event: New inventions increase tuna harvest Ahi Tuna
TIN ↓
technology ↑
Supply ↑
(shifts right) S1
Price S2
80K E1 P2 Q2 E2 D1
10K
Qty