Supply and Demand

Project
By: Kaitlin Fletcher and Shavonne Edison

Event #1 (Income of Consumers)

Brand As consumer bases incomes have decreased.
(Demand for Brand As hats)
Because of this, income of consumers have decreased,
causing a decrease in demand. (Demand curve shift to
the left)

Price

Event #2 (Number of Consumers)

The weather around Brand As HQ is colder and snowy.
(Demand for Brand As hats)
Because of this, the demand for hats increases.
(Demand curve shift to the right)

Price
Quantity

Event #3 (Expectations)
Brand A is raising its prices on hats in the near future.
(Demand for Brand As hats)
Because of this, consumers will decide to purchase
more hats now, causing demand to increase. (Demand
curve shifts right)

Price
Quantity

Event #4 (Price/Popularity)
Brand B is having a sale on hats (Demand for Brand As
hats).
Because of this, consumers will most likely purchase
less of Brand As hats. (Demand curve shifts to the left)

Price

Event #5 (Taste)
Brand As new line of hats is rejected by their
customers. (Demand for Brand As hats)
Because of this, consumers will demand less of Brand
As hats. (Demand curve shifts to the left)

Price

Quantity

Event #6 (Profitability of other goods)

Brand A discovers that the price for scarfs has
increased (Brand As production of hats)
Because of this, the supply of hats will decrease.
(Supply curve shifts up)

Price

Quantity

Event #7 (Input Prices)

The price of yarn increases dramatically (Brand As
production of hats).
Because of this, Brand A will produce less hats. (Supply
curve shifts up)

Price

Quantity

Event #8 (Govt Involvement)

The U.S. government increases taxes on businesses,
including Brand A (Brand As production of hats).
Because of this, Brand A will supply less hats. (Supply
curve shifts up)

Price

Quantity

Event #9 (Number of Producers)

Brands A, B, and C are all in the market for hats (Brand
A).
Because of this, the supply for hats will increase.
(Supply curve shifts down)

Price

Quantity

Event #10 (Expectations)

Brand A believes that the market for hats will be better
in the near future.
Because of this, the supply of hats will be decreased.
(Supply curve shifts up)

Price

Quantity

Event #11 (Technology)

A robot was invented that would increase Brand As
producing speed by 75% (Brand A).
Because of this, Brand A is able to supply more hats.
(Supply curve shifts down)

Price

Quantity