2. Shifts in Supply or Demand Curve Draw a correct graph, showing which curve shifted and what happened to price and quantity.

3. Market: Coffee Bountiful crop of Coffee Beans

4. Supply increases, shifts to the right Price falls, quantity increases

5. Market: Automobile Industry Workers in the Automobile Industry receive a pay raise.

6. Supply shifts to the left because of input costs rising Price increases, quantity falls

7. Market: Computer software Price of personal computers fall

8. Demand shifts to the right because of the price of a complement falls Price rises, quantity increases

9. Market: Pepsi Cola Price of Coca Cola rises

10. Demand for Pepsi increases because the price of a substitute good rises price increases, quantity increases

11. Market: Second Hand Clothing National Incomes Rise

12. Demand shifts to the left because the change in income causes a decrease in demand for an inferior good price falls, quantity falls

13. Market: Automobile Industry Government gives GM and Chrysler a subsidy

14. Supply shifts to the right because of a change in government policies price falls, quantity increases

15. Market: Corn Price for irrigation equipment falls

16. Supply increases because of a change in technology price falls, quantity increases

17. Market: Any normal good American’s Income falls 3 months in a row

18. Demand increases because incomes rising and increase in demand for normal goods price falls, quantity decreases

19. Market: TV Manufacturing American TV production closes its manufacturing plant

20. Supply shifts left because of decrease in number of producers in the market price increases, quantity falls

21. Market: Any Inferior Good American’s income rises 3 months is a row

22. Demand decreases because as incomes rise, there is a decrease in demand for inferior goods price falls, quantity falls