KHAZI MOHAMMED OWAIS – PG20163

Market Event Demand or Change in Equilibrium

Supply price and Quantity
wheat A drought destroys much of the crop. Supply Supply Decrease,
Demand Increase,
Price Increase
Cigars A new study shows that smoking cigars Demand Demand Decrease,
results in lots of wrinkles. Supply Decrease,
Price Decrease
Butter The price of margarine goes up. Demand Demand Increase,
Supply Increase,
Price Increase,
Paper The price of wood pulp rises. Supply Supply decrease,
Demand Increase,
Price Increase
Yachts The average price of stocks falls by over 20% Demand Demand Decrease,
between now and the end of the year. Supply Decrease,
Price Decrease
Umbrellas Heavy rain is forecast. Demand Demand Increase,
Supply Decrease,
Price Increase
Oranges There's an early frost which destroys much Supply Supply Decrease,
of the crop. Demand Increase,
Price Increase
Apples A new pesticide is developed which controls Supply Supply Increase,
tent caterpillars. Demand Decrease,
Price Decrease
Wine The average wage of grape harvesters rise Supply Supply Decrease,
by 10% Demand Increase,
Price Increase
Hospital beds Scientists discover a pill that cures cancer. Demand Demand Decrease,
Supply Decrease,
Price Decrease
Cement A 7.9 earthquake hits San Francisco. Demand Demand Increase,
Supply Increase,
Price Increase,
Video rentals The price of getting cable TV goes up. Demand Demand Increase,
Supply Increase,
Price Increase,
Candles An electric company official announces that Demand Demand Increase,
a computer bug will likely result in power Supply Increase,
outages. Price Increase,
Taxi services Local subway workers go on strike Demand Demand Increase,
Supply Increase,
Price Increase,
Oreo Cookies Price of milk increases Demand Demand Decrease,
Supply Decrease,
Price Decrease