1. How TIMER and TONERS can change the equilibrium price and equilibrium quantity

2. Illustrate the effects on the demand for Hummers if gas prices rise drastically. What happens to equilibrium price (EP) and equilibrium Quantity (EQ)? EP___ EQ___ S D P Hummers

3. Illustrate the effects on the Supply of Crude Oil if vast new discoveries of oil are found. What happens to equilibrium price (EP) and equilibrium Quantity (EQ)? EP___ EQ___ S D P Crude Oil

4. A famous celebrity endorses your product illustrate the effects. EP___ EQ___ S D P Your Product

5. You are forced to pay your workers more. Illustrate how this might effect your product. EP___ EQ___ P S D Your Product