1. Supply & Demand Graphing Analysis of changes in S & D

2. Guiding Questions Draw & Label this graph! Then draw one for each of the following scenarios… Before drawing graphs, ask yourself these questions to guide your thinking: Is there a 3 rd variable causing a shift in S or D? Does the shift affect primarily S or D? Does the shift cause an increase or a decrease( L or R)?

3. Market: Plywood Factor # 1: Hurricane Approaches Factor # 2: All power out after hurricane within 100 miles. 1.a market graph and draw the appropriate shifts in Supply & Demand 2.Explain what happens to price & quantity?

4. 2012 Toyota Prius Hybrid Factor # 1: Car & Driver Mag says it gets 55 MPG Factor # 2: Toyota signs a labor agreement raising wages 5% 1.Construct a market graph and draw the appropriate shifts in Supply & Demand 2.Explain what happens to price & quantity?

5. Burger King Food Factor # 1: 20% Excise tax placed on producers of fatty fast foods Factor # 2: New apartments and condo’s just opened next door 1.Construct a market graph and draw the appropriate shifts in Supply & Demand 2.Explain what happens to price & quantity?

6. Skittles Factor # 1: Price of Starbursts decreases by 50% Factor # 2: Price of sugar increases by 10% 1.Construct a market graph and draw the appropriate shifts in Supply & Demand 2.Explain what happens to price & quantity?

7. Little Caesars Large Pizza Factor # 1: Surrounding area reports of 10% greater income this year Factor # 2: Price of sauce increases as tomatoes freeze 1.Construct a market graph and draw the appropriate shifts in Supply & Demand 2.Explain what happens to price & quantity?

8. Schwan’s Specialty Ice Cream Factor # 1: Michigan goes into a deep recession Factor # 2: Milk prices rise due to MAD COW DISEASE 1.Construct a market graph and draw the appropriate shifts in Supply & Demand 2.Explain what happens to price & quantity?