Market
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Event
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Would the demand curve or supply curve shift?
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Would the curve shift to the right or left?
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Determinant
Involved
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1. wheat
|
A drought destroys much of the crop.
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Supply
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Left
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Stoner (R)
Resources/Raw Materials
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2. redwood lumber
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Environmentalists urge consumers to boycott redwood products.
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3. cigars
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A new study shows that smoking cigars results in lots of wrinkles.
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4. butter
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The price of margarine goes up.
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5. paper
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The price of wood pulp rises.
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6. Hula hoops
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Brad Pitt confides to People magazine that "he gets a big kick out of his hula hoop."
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7. yachts
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The average price of stocks falls by over 20% between now and the end of the year.
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8. gasoline
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Large sports-utility vehicles (like Suburbans and Expeditions) become more popular.
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9. umbrellas
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Heavy rain is forecast.
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10. tofu
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E. Coli bacteria is found in another meat plant.
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11. gasoline
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Two oil supertankers collide.
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12.hamburger
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The price of hamburger rises.
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13.oranges
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There's an early frost which destroys much of the crop.
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14. apples
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A new pesticide is developed which controls tent caterpillars.
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15. grapes
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The National Marines Fisheries Service bans pesticide spraying within 1,000 feet of waterways containing coho salmon.
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16. wine
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The average wage of grape harvesters rises by 10%.
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17. U.S. cars
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The U.S. imposes a tariff on Japanese car imports.
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18. hospital beds
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Scientists discover a pill that cures cancer.
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19. cement
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A 7.9 earthquake hits San Francisco.
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20.Video rentals
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The price of getting cable TV goes up.
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21. windshields
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A new law is passed requiring gravel trucks to cover their loads with tarps.
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22.Taxi service
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Local subway workers go on strike
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23.Bike helmets
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The price of bicycles goes down
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24.melons
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The cost of water goes up.
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25. Lucernemilk
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The price of Safeway milk goes down.
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26. jellybeans
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The price of jellybeans goes up.
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27.Oreo cookies
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The price of milk increases.
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28.Burger King whoppers
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McDonald's lowers the price of Big Macs.
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29. Hot dogs
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60 Minutes does an expose called "The Truth about Hot Dogs."
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30.Hot dog buns
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The price of flour rises
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31. butter
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Mad Cow Disease wipes out a lot of dairy cows.
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32. candles
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An electric company official announces that a computer bug will likely result in power outages.
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33. Cowboy boots
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Old Navy launches an ad campaign called "Everyone in cowboy boots."
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34. Your entry
