Item being Cause Economic Event Effect DemandSupply Price Quantity Effect Effect 1. Smoothies and organic becomes...
Item being Cause Economic Event Effect DemandSupply Price Quantity Effect Effect 1. Smoothies and organic becomes the craze. 2. Domino's pizza lowers the price of pizza 3. McDonald's offers buy 1 big mac, get 1 free 4. Huge layoffs are announced 5. The price of big macs are increased 6. Wages are going up 7. Burger king lowers the price of the whooper 8. Popular commercial by Michael Jordan is aired Big Mac Big Mac Big Mac Big Mac French fries Big Mac Big Mac Big Mac 1. 2. 3. 5. 6. 8