Demand & Supply Analysis and Graphing Practice.
Do these on your own completely and come prepared to participate and check your answers. I'm concerned some of you are having commitment problems. Please focus and the results will show in due time.
1. Consumers hear that leather coats will double in price over the following month.
2. An article in the newspaper advises readers to stay away from red meat due to Mad Cow disease.
3. Scientists discover a way to produce faster-growing tomatoes through genetic manipulation.
4. Due to bad weather conditions, wheat does not grow as rapidly.
5. The price of shoes drops due cheap imports.
6. Consumers react to an increase in the price of butter (margarine).
7. Rolling Stones CD prices are raised $10 by the record company due to recent piracy.
8. Nike basketball shoes prices are lowered to $100. Because of this, more shoes are sold than ever before.
9. A famous celebrity is seen wearing a new brand of clothing. People line up at the mall to buy shirts and pants of the same brand.
10. An article in the paper states that red meat is unhealthy. Red meat sales drop 20%
11. A new technology allows car companies to make cars 50% more efficiently than before.
12. Clothing companies are now being charged a 12% tax on every piece of leather clothing they produce.
13. Britney Spears starts dressing entirely in Reebok attire.
14. A cheaper, highly efficient gasoline is introduced as a substitute for typical petrol.
15. Years from now, major oil sources are becoming depleted.
16. A new laser technology makes sheet metal production more efficient.
17. Businessmen react to a sharp hike in briefcase prices.
18. Schoolteachers are estatic over falling chalk prices.
19. The supplier of school uniforms for Halton region decides to raise prices by 10%
20. The neighborhood supermarket decides to sell all bakery goods at a discount
21. Due to increased government subsidizing, the cost of producing rice decreases for Farmer Joe.
22. Farmer Greg sees peas as a more profitable venture than potatoes and shifts his production focus accordingly.
23. A hot dog vendor has recently met competition from a new fast food restaurant across the street who also sells hot dogs.
24. Winter comes early one year during Jake's operation of his sporting goods and thermal wear store.
25. The price of jeans rise.
26. A company pushes the sale of hats, as prices drop.
27. Competition arises for the local donut shop.
28. Sale at the nearby clothing outlet.
29. Makers of shirts introduce a new and more efficient technology.
30. Border policies for imports of jewelry change, limited amounts of product can cross.
31. Consumers believe the price for homes in Oakville will increase next month.
32. Employees at the Ford plant producing Freestar vans suffer pay cuts.
33. A new company manufacturing digital cameras opens.
34. The manufacturing cost of cars made by GM increases.
35. With e-mail and the internet being as popular as it is, more and more people demand digital cameras to exchange pictures.
36. New technology allows produce to be grown at a faster rate.
37. Product “W” has just been introduced to the market and has no competition.
38. Because Product “K” is priced rather competitively; products “B” and “S” need to reevaluate their pricing.
39. Product “F” has recently been positively indorsed by famous musicians, actors and designers.
40. Due to fierce competition from product “Y” and “Z”, Product “X” loses popularity and value.
41. Product “M” is flying off the shelves in every grocery store,
due to its low price and durability.
42. Because of a recent backlog in the supply of microchips, Product “D”
is no longer in stock.
43. A brand new set of Shocks has been added to the Nike Shoe, which is said to increase the shoe wearer's vertical jump.
44. A new Reebok Shoe has been introduced to the market and it has the same features of the Nike Shoe but will be a cheaper alternative for customers.
45. The market price of Tide Soap increases.
46. The government increases taxes for Tide Soap manufactures.
47. Industrial factories export goods annually. However, the Canadian dollar has increased its value this past year.
48. After Sept. 11th's Terrorism Attack, Gas Mask distributors were able to change their selling prices.
49. Sneakers go on sale at foot locker
50. Gas prices are expected to go up next week.
51. The effect on DVD players if the number of TV sets sold increases.
52. Hot dog prices are lowered in the cafeteria.
53. A new pesticide wipes out bugs that eat away at cornfields.
54. The effect on coffee beans if Columbian coffee bean growers see more profit in growing heroin.
55. After the school fashion show, ridge wear became more in style.
56. A no-name product is put on the market, and the original product becomes less popular.
57. Technology advances, and fewer employees are needed to create the the product.
58. Global warming takes over, and several companies producing shoes have to shut down their locations.
59. The market for grapes increases, so the fruit farmers stop producing pears.
60. A tornado went through Oakville and killed all the apple trees.
61. Easton has found a new way to minimize production costs of their synergy hockey sticks.
62. The price of envelopes has become so low that it is not worth producing them.
63. A company's employees won a salary arbitration case and as a result the steel company will have to pay higher salaries.
64. A new store in direct competition of sporting goods with National Sports has moved in across the street.
65. Mats Sundin has just endorsed a new rubber hockey stick and as a result everybody wants one.
66. Recently people eating at Pizza Hut pizza have been getting sick.
67. The price of calculators drops.
68. Calculator manufacturer's purchase new high-efficiency machines to make their calculators.
69. The cost of transporting calculators increases.
70. Calculators are banned from math classes.
71. New school regulations require all students to have two calculators, in
case one breaks.
72. Sars has hit Oakville and researchers found that advil kept you from catching the desease.
73. Advil prices increase.
74. Your brand new Echo car is now last year’s model and is seen as looking old.
75. University proves people that eat an apple a day live to be 100 years old.
76. You were the only manufacturer for hats, now there is a new company selling hats as well.
77. You make the male scent called blue which surveys proved turned on womens sex drive.
78. You make tires for cars but when put to the test they were proven to pop the easiest.
79. The demand for Leaf’s tickets during the stanley cup playoffs
80. The demand for Blue Jays tickets after the players went on strike.
81. The supplies to fabricate a toy are cheaper to purchase for the manufacturer.
82. An entire factory goes on strike leaving few people to produce the dvd players produced.
83. Britney Spears, Madonna and Gweneth Paltrow all wear X jeans.
84. The toy was hot two years ago and the market price has increased over the few years
85. Price for hamburgers goes up, affecting hotdogs.
86. Price for Mercedes Benz goes down, affecting BMW’s.
87. The health benefit of riding bikes is proven to be enormous.
88. A company has an advance in their technology of mp3 players.
89. A clothing store decides to target more older people, ages 40-60 and because that age population is high the number of consumers increases.
90. Based on released medical report on the television many people stopped eating high fat content foods.
91. The price of hard-cover books decreases, and costumers buy more of them.
92. Scientist discover a way to produce fruit more rapidly (genetic modification).
93. Fresh water resources of the world are being depleted at a phenomenal rate, affecting bottled water.
94. De’ boers Diamond monopoly is at an end when they go bankrupt.
95. Justin Timberlake wears new “Justified” T-shirt at the MTV awards show.
96. Roots’ declined heel shoes are studied and shown to cause back problems later on in life.
97. Massive gold mine is discovered in Oakville ONT.
98. Forestry industry has depleted too much of Canada’s lumber resources.
99. More and more young female celebrities are seen wearing the new shoes by Guess.
100. A disastrous tornado takes down a Guess warehouse where many of the stores get their shoes.
101. The new Guess shoes aren't so new anymore.
102. New techniques at Guess lower the costs of producing their new line of collar blouses.
103. Working out new promotions with the management, a store takes 10% off sale on all their Guess merchandise.
104. A cheaper substitute forces Guess to lower the price of their watches to $85 instead of $100.
105. Bob’s income increases, what happens to his demand for cruise trips?
106. If putting highlights in your hair goes out of fashion, what happens to hair colouring products?
107. Due to posting ads in a popular magazine, Nike shoes became more desirable.
108. Consumers who purchase Maple Leafs jerseys have income decreases.
109. Producers of laptops came up with efficient laptop producing technology in their factory.
110. Many producers of chairs announce bankruptcy.
111. A convenience store has relocated from a competitive market and set up shop in the country. There is nothing around for miles, and the store is on the route to a very popular vacation spot. (general goods)
112. One month passes, several small stores have set up shop in close proximity to the convenience store. (general goods)
113. As a result of movie stars everywhere sporting product X, product X becomes the envy of many.
114. Product X becomes very expensive. Product D is a knock-off and is cheap. Incomes begin to fall. What occurs to product X?
115. A new super factory has opened next door and is luring employees from factory A with high wages. In order for factory T to keep its valuable employees, wages need to become higher and competitive. (tongue depressors are made in both).
116. Company A is company T's only competition. Company T goes bankrupt due to the high wages it paid employees (tongue depressors again).