Demand and Supply Shifters

Presentation

•

Social Studies

•

12th Grade

•

Hard

Joseph Anderson

FREE Resource

19 Slides • 14 Questions

Match

Match the following determinants of demand

Amount of buyers in the market

Buyers preparing for a future event

Complimentary & Substitute Goods

Amount of money consumers have to spend

Influence & popularity of products

Market Size

Expectations

Related Prices

Income

Tastes

Match

Match the following determinants of supply

Updated or new machinery or tools

Complimentary & Substitute Goods

Cost of production factors to make products

Suppliers preparing for a future event

#of sellers producing product

Technology

Related Prices

Input Prices

Expectations

Competition

Multiple Choice

True or False: NO MATTER WHAT if you INCREASE Demand or Supply it is a shift to the RIGHT

True

False

Multiple Choice

True or False: NO MATTER WHAT if you DECREASE Demand or Supply it is a shift to the LEFT

True

False

Multiple Choice

What is a substitute?

Use in place of something similar quality

The opposite of another good

Use an exact replica of the same good

Open Ended

What is a substitute for Burger King?

What is a substitute for a pencil

Type response here

Multiple Choice

What is a complimentary good?

A good you would use to enjoy another good

The opposite of another good

Use an exact replica of the same good

Open Ended

What is a complimentary good for Hot dogs?

What is a complimentary good for ink cartridges'?

Type response here

Draw

Consumer get a tax cut. Graph market for TVS

Draw

Toyota opens a new factory. Graph Car Market

Draw

Oil gets expensive. Graph Plastic market

Draw

Price of Milk increases. Graph cereal market

Draw

Taylor Swift tweets Canes uses cat meat. Graph Canes Market

Draw

A product gets popular with consumers. Price of inputs get cheaper. Graph S & D at the same time!

TOMORROW

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