Download DS Worksheet Update 2011

Name______________________________
Supply and demand practice
Draw 2 shifts in each graph indicating how demand (D), supply (S), price (P), and
equilibrium quantity exchanged (Q) are affected after taking into account all the events
given. Assume all events have an impact on the market being considered. PUT ONE
SYMBOL ONLY IN EACH BOX.
a. D & S: Use “+” for a rightward shift, “-“ for a leftward shift, “0” for no shift, and “?”
if the combined impact is unknown (a “+” combined with a “–” results in a “?”).
b. P & Q: Use “+” for an increase, “-“ for a decrease, “0” for no change, and “?” if the
combined impact is unknown (a “+” combined with a “–” results in a “?”).
c. Label the S&D curves and draw the adjustment(s) on the graphs.
2. Trade
Firms expect tuition
School
prices to fall due to
enrollment new regulations;
Firms increase hiring
of tutors to comply
with new regulations
on graduation rates
3. Electric The Tesla and Chevy
Cars
Volt electric cars
come onto the
market; Electric cars
are now allowed to
drive in the carpool
lane
P
Q
Price
S
Quantity
Price
Event(s)
D
The iPad becomes a
popular gift; The
Public expects a new
version will come out
soon with more
features and lower
price
Quantity
Price
Market
1. Tablet
computers
Quantity