Name: ______
Demand Quiz Makeup Points
For the following, determine whether it’s a Mover (M) or a Shift Out/Right (SO) or Shift In/Left (SI) and tell me what the determinant is. For numbers 1-7, please use my powerpoint to guide you through your answers. For 8-15, please use it for practice.
_____ 1. A new study shows that coconut oil will help you lose 10 pounds per month. What will happen to the demand for coconut oil?
Determinant: ______
_____ 2. Dunn tire decides to raise the prices of all its tires?What will happen to the demand for Dunn Tires?
Determinant: ______
_____ 3. Next week is projected to be 95 degrees. What will happen to the demand for popsicles?
Determinant: ______
_____ 4. Toyota’s experience engine failures on many of their SUV models. What will happen to the demand for Toyota SUV’s?
Determinant: ______
_____ 5. Toyota’s experience engine failures on many of their SUV models. What will happen to the demand for Honda’s SUV’s?
Determinant: ______
_____ 6. Chipotle lowers their prices to attract new customers. What will happen to the demand for Chipotle?
Determinant: ______
_____ 7. A really bad hurricane season is predicted in the Caribbean. What will happen to the demand for Caribbean cruises?
Determinant: ______
_____ 8.Microsoft has come out with a new game system that is far superior to any of the graphics and technology associated with competing game systems. A huge advertising campaign was successfully used to promote the release of the new system. What will happen to the demand for the Sony PlayStation?
Determinant: ______
_____ 9.Due to a problem manufacturing game system components, Nintendo was forced to drastically raise the prices of their video game systems. What will the impact be on the demand for the Nintendo gaming system?
Determinant: ______
_____ 10.Tim Horton’s has come out with a new advertising slogan that promises to give away
larger prizes in the “Roll Up the Rim” game and guarantees that 1 out of every 2 people will win. Thousands of customers have already won sizeable amounts of cashprizes. What will happen to the demand for Tim Hortons?
Determinant: ______
_____ 11. People have been getting sick at Chipotle restaurants around the country. What will happen to the demand for Chipotle?
Determinant: ______
_____ 12.Tim Horton’s was able to find a cheaper supplier of coffee beans and a cheaper supplier of the ingredients they use for the baked products they sell (donuts, sandwiches, bagels, etc.). As a result, Tim Horton’s significantly lowered the prices on all of their menu items. What will happen to the demand for Tim Hortons?
Determinant: ______
_____ 13. 60 Minutes runs a story on the bad effects of GMO foods on the human digestive track. What will happen to the demand for GMO foods?
Determinant: ______
_____ 14.A storm is forecasted for this weekend which is expected to cause power outages. What will happen to the demand for batteries?
Determinant: ______
_____ 15.An unseasonably warm winter is forecasted for 2016-17 winter season. What will happen to the demand for skiing equipment?
Determinant: ______