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Published byDustin Paget Modified over 2 years ago

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D3D3D3D3

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D1D1D1D1 P Dark Chocolate: Half A Bar Per Week May Keep Heart Attack Risk At Bay.

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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.

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D1 D1 D1 D1 D2 D2 D2 D2 P QD 1 QD 2 More demand for both normal & inferior goods New Cars Used Cars

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D1 D1 D1 D1 P QD 1 iPad 16 GB $499

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D1 D1 D1 D1 P QD 1

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D1 D1 D1 D1 P

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D1 D1 D1 D1 D2D2D2D2 P

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Milk Cereal Pop Tarts D1D1D1D1 P P2P2 D1D1D1D1D P QD 2

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Wages Raw Materials Intel Pentium Chip S S S P

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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

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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

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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

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P

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[ Inverse ] P S1S1S1S1 I’m losing profits.”

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