Name: ____________________________________ Date: __________________________ Per.: ______

Change in Supply Activity Sheet

Directions: Use a market graph to show what happens to price, quantity, and supply after the given event takes place. List the determinant that changed the supply in the problem. Complete this on a separate sheet of paper. Complete this assignment on a separate sheet of paper.

Example: The government issues $3,000 for every electric car that car manufacturers produce. What happens to the supply of electric cars?

1. Universal Studios opens another new theme park. What happens to the supply of theme park tickets in Orlando?

2. The theme parks create a new fast pass system to make appointments for rides and reduce lines. What happens to the supply of theme park rides?

3. The government provides money to companies that make laptops for schools. What happens to the supply of laptops?

4. Drake creates a new clothing company. What happens to the supply of hip hop fashion?

5. The price of cotton decreases. What happens to the supply of Calvin Klein boxers?

6. The Colonel’s Original Recipe is lost by KFC. What happens to the supply of Kentucky Fried Chicken?

7. Mr. Swope opens a new barber shop called “Swagga Clips”. What happens to the supply of haircuts?

8. The State of Florida announces a new tax on Fluff. What will happen to the supply of Fluff?

9. The federal government announces that every new building constructed must have new beams to resist the impact of crashing airplanes. What will happen to the supply of new buildings?

10. The Weather Channel announces that it will be the coldest winter ever. What will happen to the supply of earmuffs?

11. The price of milk increases. What will happen to the supply of milk chocolate?

12. Sprint offers free childcare to all employees. What will happen to the supply of quality customer service at Sprint?

13. The Florida Dept of Education announces that it will require all teachers to have a Master’s Degree. What will happen to the supply of teachers?

14. Microsoft announces that it will reward all workers who work over 40 hours per week with a 4-day trip to Vegas. What will happen to the supply of Microsoft Windows?

Change in Supply or Demand Activity Sheet

Directions: Use a market graph (supply and demand graph) to show what happens to price, quantity, supply, and demand after the given event takes place. List the determinant that changes either supply or demand.

Example: A herd of wild goats eats through half of this year’s peanut crop. What happens to the market for peanut butter?

Determinant (Det):

Supply (S):

Demand (D):

Price (P):

Quantity (Q):

1. The price of paper increases. What will happen to the supply of books?

2. The government issues a new tax on all vehicles that get less than 20 miles per gallon of gas. What will happen to the supply of SUVs?

3. Mr. Burgess hits the big time as a back-up dancer for Beyonce’. What will happen to Mr. Burgess’ demand for macaroni and cheese?

4. The Gap announces a sale on denim jeans. What will happen to the demand for Gap denim jeans?

5. The price of pulled pork rises. What happens to the supply of pork rinds?

6. The price of peanut butter goes up. What will happen to the supply of jelly?

7. Mrs. Powell’s new song “Teachin’ Economics LIKE A BOSS” reaches number one on the Hip Hop Charts. What will happen to her demand for new rims on her car?

8. The federal government eliminates the payroll tax employers pay for hiring workers. What happens to the supply of jobs?

9. Minute Maid invents a new orange peeler. What will happen to the supply for orange juice?

10. The price of sports cars begins to fall. What happens to the supply of sedans?

11. Lebron James signs a contract to play basketball for the Orlando Magic. What will happen to the demand for Magic tickets?

12. The price of Spaghetti O’s decreases. What will happen to the demand for can openers?

13. Ms. Pickens shaves her head bald. What will happen to her demand for scrunchees?

14. CNN says that there will be flooding in the lakes of Central Florida. What will happen to the current supply of sand bags?

15. The price of tobacco decreases. What will happen to the supply of cigarettes?

16. Costco announces an upcoming sale on HDTVs. What will happen to the current demand for HDTVs at Costco?