Demand and Supply Practice Use Economic Analysis to determine what happens to the price and quantity of computer games in each scenario. # Change Graph Economic Analysis 1 1. Draw and Label Equilibrium: It becomes known that an 2. The Change: electronics store is going Supply or Demand to have a sale on their Increase or Decrease computer games 3 Shifter months from now. 3. After: Price _____ Quantity_____ 2 1. Draw and Label Equilibrium: 2. The Change: The workers who produce the computer Supply or Demand go on strike for over Increase or Decrease two months Shifter 3. After: Price _____ Quantity_____ 3 1. Draw and Label Equilibrium: When the average price 2. The Change: of movie tickets rises, it has an effect on the Supply or Demand purchase of computer Increase or Decrease games. (Analyze Shifter computer games.) 3. Price _____ Quantity_____ 4. The workers who 1. Draw and Equilibrium: produce the computer games negotiate a $20 2. The Change: per hour wage increase. Demand- Left or Shifter- At the same time, the Supply- Left or Right Shifter- price of video games fall. 3. After: Price _____ Quantity_____ (Double Shift) 5. The price of software used by computer game 1. Draw and Equilibrium: producers rises. At the same time, a study 2. The Change: released by the US Demand- Left or Right Shifter- Department of Health Supply- Left or Right Shifter- shows that children need 3. After: Price _____ Quantity_____ more exercise. (Double Shift). 6. 1. Draw and Label Equilibrium: A reputable private 2. The Change: research institute announces that children Supply or Demand who play computer Increase or Decrease games also improve their Shifter grades in school. 3. Price _____ Quantity_____
Demand and Supply Practice Use Economic Analysis to determine what happens to the price and quantity of computer games in each scenario. # Change Graph Economic Analysis 1 It becomes known that an electronics store is going to have a sale on their computer games 3 months from now. 1. Draw and Label Equilibrium: 2. The Change: Supply or Demand Increase or Decrease Shifter 3. After: Price _____ Quantity_____ 2 The workers who produce the computer go on strike for over two months 1. Draw and Label Equilibrium: 2. The Change: Supply or Demand Increase or Decrease Shifter 3. After: Price _____ Quantity_____ 3 When the average price of movie tickets rises, it has an effect on the purchase of computer games. (Analyze computer games.) 1. Draw and Label Equilibrium: 2. The Change: Supply or Demand Increase or Decrease Shifter 3. Price _____ Quantity_____ 4. The workers who produce the computer games negotiate a $20 per hour wage increase. At the same time, the price of video games fall. (Double Shift) 1. Draw and Equilibrium: 2. The Change: Demand- Left or Shifter- Supply- Left or Right Shifter- 3. After: Price _____ Quantity_____ 5. The price of software used by computer game producers rises. At the same time, a study released by the US Department of Health shows that children need more exercise. (Double Shift). 1. Draw and Equilibrium: 2. The Change: Demand- Left or Right Shifter- Supply- Left or Right Shifter- 3. After: Price _____ Quantity_____ 6. A reputable private research institute announces that children who play computer games also improve their grades in school. 1. Draw and Label Equilibrium: 2. The Change: Supply or Demand Increase or Decrease Shifter 3. Price _____ Quantity_____
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