Question

Microeconomics Homework Unit 1 Supply and Demand graphically illustrate how the following events would impact that market. Be sure 1. Goodyear incurs an increase in the price of rubber. How does this impact 2. Annie Vance Williams, who is crazy about air travel, gets fired from her 3. Sweet potato farmers in Vardaman, Mississippi experience an unusually Assuming the classic supply and demand model applies to the market in italics, to note the specific DETERMINANT that aided you in your graphical analysis. the market for tires? job. good growing season. are used to help produce clothing, increase. 4. The wages of low-skill workers in China, whose mental and physical skills . Bug Tussell, Alabama, a small rural community, has an unusually wet spring and a subsequent mosquito infestation, which can be deterred using citronella. 6. Many motorcycle enthusiasts enjoy riding without helmets (in states where 7. The cost of owning a cat goes up. How does this impact the market for laser 8. A very popular horror movie features a gruesome villain, Homer Slashsome, 9. Make up a scenario 10. Make up a scenario where a specific market is impacted by some event that this is permitted by law). The price of new motorcycles rises. pointers? who munches on donuts while dispatching his victims. causes the demand curve to shift. where a specific market is impacted by some event that causes the supply curve to shift. Adapted from Dirk Mateer's "Principles of Macroecomomics Revised 9/3/13