Presentation on theme: "D3D3D3D3 D1D1D1D1 P Dark Chocolate: Half A Bar Per Week May Keep Heart Attack Risk At Bay."— Presentation transcript:
D1D1D1D1 P Dark Chocolate: Half A Bar Per Week May Keep Heart Attack Risk At Bay.
P More income results in more demand for new cars; less demand for used cars. New Cars Used Cars Less income results in more demand for used cars; less demand for new cars.
D1 D1 D1 D1 D2 D2 D2 D2 P QD 1 QD 2 More demand for both normal & inferior goods New Cars Used Cars
D1 D1 D1 D1 P QD 1 iPad 16 GB $499
D1 D1 D1 D1 P QD 1
D1 D1 D1 D1 P
D1 D1 D1 D1 D2D2D2D2 P
Milk Cereal Pop Tarts D1D1D1D1 P P2P2 D1D1D1D1D P QD 2
Wages Raw Materials Intel Pentium Chip S S S P
P1 QS1 “Substitutes in production” I only have 200 acres S S1S1S1S1 P S2S2S2S2 QS1 QS1 S1S1S1S1 P S2S2S2S2 S Producers want to produce more of the good where price is increasing, or at least, where the price is not going down. P2 QS2 QS2
S Because cows produce more milk, farmers don’t have to have as many cows. [ saves $ ] S P Supply curve “udderly” moves “udderly” to the right. Less skin abrasions so happier cows produce more milk. Mooooove over and give me that waterbed. Waterbedsforcows.com
S1S1 P Q $50 QS 1 Because of the XFL’s cheerleaders many called this league, not the XFL, but the Supply of FB games each week 8 new teams