2.3.2.3 Learning Task 2.

3
Instructions:
I. Answer questions 1-6 using the following the graphs below:  This exercise facilitates
application of the concepts on movement along the demand and supply curves and
shifting of the said curves.  Choose the letter of the best answer.

1. Figure 3 shows four different markets with changes in either the supply curve or the
demand curve. Which graph best illustrates the market for coffee after severe weather
destroys a large portion of the coffee crop?
a. Graph A
b. Graph B
c. Graph C
d. Graph D
2. Figure 3 shows four different markets with changes in either the supply curve or the
demand curve. Which graph best illustrates the market for tea after severe weather
destroys a large portion of the coffee crop?
a. Graph A
b. Graph B
c. Graph C
d. Graph D
3. Figure 3 shows four different markets with changes in either the supply curve or the
demand curve. Which graph best illustrates the market for non-dairy coffee creamer
after severe weather destroys a large portion of the coffee crop?
a. Graph A
b. Graph B
c. Graph C
d. Graph D
4. Figure 3 shows four different markets with changes in either the supply curve or the
demand curve. Which graph best illustrates the market for computers after technological
advances in making computers occur?
a. Graph A
b. Graph B
c. Graph C
d. Graph D
5. Figure 3 shows four different markets with changes in either the supply curve or the
demand curve. Which graph best illustrates the market for computer manuals after
technological advances in making computers occur?
a. Graph A
b. Graph B
c. Graph C
d. Graph D
6. Figure 3 shows four different markets with changes in either the supply curve or the
demand curve. Which graph best illustrates the market for typewriters after
technological advances in computerized word-processing software occur?
a. Graph A
b. Graph B
c. Graph C
d. Graph D