lesson goes here Supply and Demand Slide two
Description: lesson goes here Supply and Demand Slide two illustrates the supply and demand graph. Use this to explain point out that price is on the vertical axis and quantity is on the horizontal axis, as well as to discuss the shapes of the demand
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slide1. lesson goes here Supply and Demand Slide two illustrates the supply and demand graph. Use this to explain point out that price is on the vertical 
axis and quantity is on the horizontal axis, as well as to discuss the shapes of the demand and supply ​curves.
Use slide 3 in your discussion of events that shift the demand curve.
Use slide 4 in your discussion of events that shift the supply curve.
Use slides 5 through 23 to illustrate events that bring about shifts in the markets noted. Students can identify the shift in the demand or supply curve and the resulting change in equilibrium.
On slides 24 through 30, students will identify the determinant causing the shift as well as the shift in the demand or supply curve and the resulting change in equilibrium.<br>
slide2. Supply and Demand Pe Qe<br>
slide3. Supply and Demand D Pe Qe Things That Shift the Demand Curve
(A.K.A. Determinants of Demand) Changes in:
Consumer Expectations
Consumer Tastes or ​Preferences
Income
Prices of Related Goods
substitutes
complements
the Number of Consumers<br>
slide4. Supply and Demand S D Pe Qe Things That Shift the Supply Curve
(A.K.A. Determinants of Supply) Changes in:
Producers Expectations
Government Policies
Technology
Prices of Other Goods Produced by the Firm
the Number of Producers
Input Prices<br>
slide5. Supply and Demand S D Pe Qe Market: Orange Juice
Situation: News reports are pointing out the health benefits of orange juice.
Change: Consumer Tastes and Preferences
Shift:?
Result:? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide6. Supply and Demand S D Pe Qe Market: Orange Juice
Situation: News reports are pointing out the health benefits of orange juice.
Change: Consumer Tastes and Preferences
Shift: Increase in Demand
Result: Pe and Qe increase Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) D' P'e Q'e<br>
slide7. Supply and Demand S D Pe Qe Market: Orange Juice
Situation: Oranges freeze
in Florida
Change: Resource Prices
Shift:?
Result:? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) P'e Q'e<br>
slide8. Supply and Demand S D Pe Qe Market: Orange Juice
Situation: Oranges freeze
in Florida
Change: Resource Prices
Shift: Decrease in Supply
Result: Pe increases and
Qe decrease Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) S' P'e Q'e<br>
slide9. Supply and Demand S D Pe Qe Market: Used cars
Situation: Government purchases older model cars and destroys them.
Change: Government Policy
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide10. Supply and Demand S D Pe Qe Market: Used cars
Situation: Government purchases older model cars and destroys them.
Change: Government Policy
Shift: Decrease in Supply
Result: Pe increases and
Qe decrease Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) S' P'e Q'e<br>
slide11. Supply and Demand S D Pe Qe Market: Used cars
Situation: Many people
have lost their jobs or have ​had work hours reduced.
Change: Consumer Income
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide12. Supply and Demand S D Pe Qe Market: Used cars
Situation: Many people
have lost their jobs or have ​had work hours reduced.
Change: Consumer Income
Shift: Increase in Demand
Result: Pe and Qe increase Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) D' P'e Q'e<br>
slide13. Supply and Demand S D Pe Qe Market: New homes
Situation: Many people
have lost their jobs or have had work hours reduced.
Change: Consumer Income
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide14. Supply and Demand S D Pe Qe Market: New homes
Situation: Many people
have lost their jobs or have had work hours reduced.
Change: Consumer Income
Shift: Decrease in Demand
Result: Pe and Qe decrease Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) D' Q'e P'e<br>
slide15. Supply and Demand S D Pe Qe Market: New homes (Producer Perspective)
Situation: The price of houses has been falling. Continued decline expected.
Change: Producer Expectations
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide16. Supply and Demand S D Pe Qe Market: New homes
Situation: The price of houses has been falling. Continued decline expected.
Change: Producer Expectations
Shift: Decrease in Supply
Result: Pe increases and
Qe decrease Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) S' P'e Q'e<br>
slide17. Supply and Demand S D Pe Qe Market: New homes
Situation: The price of ​houses has been falling. ​Continued decline expected.
Change: Consumer Expectations
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide18. Supply and Demand S D Pe Qe Market: New homes (Consumer perspective)
Situation: The price of ​houses has been falling. ​Continued decline expected.
Change: Consumer Expectations
Shift: Decrease in Demand
Result: Pe and Qe decrease Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) D' Q'e P'e<br>
slide19. Supply and Demand S D Pe Qe Market: Gasoline
Situation: The price of oil has ​increased.
Change: Resource Prices
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide20. Supply and Demand S D Pe Qe Market: Gasoline
Situation: The price of oil has ​increased.
Change: Resource Prices
Shift: Decrease in Supply
Result: Pe increases, Qe decreases Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) P'e Q'e<br>
slide21. Supply and Demand S D Pe Qe Market: Gasoline
Situation: The summer vacation season has begun.
Change: Consumer Tastes ​and Preferences
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide22. Supply and Demand S D Pe Qe Market: Gasoline
Situation: The summer vacation season has begun.
Change: Consumer Tastes ​and Preferences
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide23. Supply and Demand S D Pe Qe Market: Gasoline
Situation: The summer vacation season has begun.
Change: Consumer Tastes ​and Preferences
Shift: Increase in Demand
Result: Pe and Qe increase Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) P'e Q'e<br>
slide24. Supply and Demand S D Pe Qe Market: Ice Cream
Situation: The summer vacation season has begun.
Change: ?
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide25. Supply and Demand S D Pe Qe Market: Ice Cream
Situation: The summer vacation season has begun.
Change: Consumer Taste or Preference
Shift: Increase in Demand
Result: Pe and Qe increase Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) D’ Q’e P’e<br>
slide26. Supply and Demand S D Pe Qe Market: Ice Cream
Situation: The price of milk has increased.
Change: ?
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide27. Supply and Demand S D Pe Qe Market: Ice Cream
Situation: The price of milk has increased.
Change: Input Prices
Shift: Decrease Supply
Result: Pe Increase and Qe Decrease Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) S’ P’e Q’e<br>
slide28. Supply and Demand S D Pe Qe Market: iPad 3
Situation: iPad 4 unveiled!
Change: ?
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide29. Supply and Demand S D Pe Qe Market: iPad 3
Situation: iPad 4 unveiled!
Change: Consumer Taste and Preference
Shift: Decrease in Demand
Result: Pe and Qe Decrease Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) D’ P’e Q’e<br>
slide30. Supply and Demand S D Pe Qe Market: Tea
Situation: The price of coffee increases by $1/pound
Change: Prices of Related Goods
Shift: Increase in Demand
Result: Pe and Qe Increase Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) P’e Q’e D’<br>
Use slide 3 in your discussion of events that shift the demand curve.
Use slide 4 in your discussion of events that shift the supply curve.
Use slides 5 through 23 to illustrate events that bring about shifts in the markets noted. Students can identify the shift in the demand or supply curve and the resulting change in equilibrium.
On slides 24 through 30, students will identify the determinant causing the shift as well as the shift in the demand or supply curve and the resulting change in equilibrium.<br>
slide2. Supply and Demand Pe Qe<br>
slide3. Supply and Demand D Pe Qe Things That Shift the Demand Curve
(A.K.A. Determinants of Demand) Changes in:
Consumer Expectations
Consumer Tastes or ​Preferences
Income
Prices of Related Goods
substitutes
complements
the Number of Consumers<br>
slide4. Supply and Demand S D Pe Qe Things That Shift the Supply Curve
(A.K.A. Determinants of Supply) Changes in:
Producers Expectations
Government Policies
Technology
Prices of Other Goods Produced by the Firm
the Number of Producers
Input Prices<br>
slide5. Supply and Demand S D Pe Qe Market: Orange Juice
Situation: News reports are pointing out the health benefits of orange juice.
Change: Consumer Tastes and Preferences
Shift:?
Result:? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide6. Supply and Demand S D Pe Qe Market: Orange Juice
Situation: News reports are pointing out the health benefits of orange juice.
Change: Consumer Tastes and Preferences
Shift: Increase in Demand
Result: Pe and Qe increase Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) D' P'e Q'e<br>
slide7. Supply and Demand S D Pe Qe Market: Orange Juice
Situation: Oranges freeze
in Florida
Change: Resource Prices
Shift:?
Result:? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) P'e Q'e<br>
slide8. Supply and Demand S D Pe Qe Market: Orange Juice
Situation: Oranges freeze
in Florida
Change: Resource Prices
Shift: Decrease in Supply
Result: Pe increases and
Qe decrease Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) S' P'e Q'e<br>
slide9. Supply and Demand S D Pe Qe Market: Used cars
Situation: Government purchases older model cars and destroys them.
Change: Government Policy
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide10. Supply and Demand S D Pe Qe Market: Used cars
Situation: Government purchases older model cars and destroys them.
Change: Government Policy
Shift: Decrease in Supply
Result: Pe increases and
Qe decrease Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) S' P'e Q'e<br>
slide11. Supply and Demand S D Pe Qe Market: Used cars
Situation: Many people
have lost their jobs or have ​had work hours reduced.
Change: Consumer Income
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide12. Supply and Demand S D Pe Qe Market: Used cars
Situation: Many people
have lost their jobs or have ​had work hours reduced.
Change: Consumer Income
Shift: Increase in Demand
Result: Pe and Qe increase Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) D' P'e Q'e<br>
slide13. Supply and Demand S D Pe Qe Market: New homes
Situation: Many people
have lost their jobs or have had work hours reduced.
Change: Consumer Income
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide14. Supply and Demand S D Pe Qe Market: New homes
Situation: Many people
have lost their jobs or have had work hours reduced.
Change: Consumer Income
Shift: Decrease in Demand
Result: Pe and Qe decrease Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) D' Q'e P'e<br>
slide15. Supply and Demand S D Pe Qe Market: New homes (Producer Perspective)
Situation: The price of houses has been falling. Continued decline expected.
Change: Producer Expectations
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide16. Supply and Demand S D Pe Qe Market: New homes
Situation: The price of houses has been falling. Continued decline expected.
Change: Producer Expectations
Shift: Decrease in Supply
Result: Pe increases and
Qe decrease Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) S' P'e Q'e<br>
slide17. Supply and Demand S D Pe Qe Market: New homes
Situation: The price of ​houses has been falling. ​Continued decline expected.
Change: Consumer Expectations
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide18. Supply and Demand S D Pe Qe Market: New homes (Consumer perspective)
Situation: The price of ​houses has been falling. ​Continued decline expected.
Change: Consumer Expectations
Shift: Decrease in Demand
Result: Pe and Qe decrease Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) D' Q'e P'e<br>
slide19. Supply and Demand S D Pe Qe Market: Gasoline
Situation: The price of oil has ​increased.
Change: Resource Prices
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide20. Supply and Demand S D Pe Qe Market: Gasoline
Situation: The price of oil has ​increased.
Change: Resource Prices
Shift: Decrease in Supply
Result: Pe increases, Qe decreases Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) P'e Q'e<br>
slide21. Supply and Demand S D Pe Qe Market: Gasoline
Situation: The summer vacation season has begun.
Change: Consumer Tastes ​and Preferences
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide22. Supply and Demand S D Pe Qe Market: Gasoline
Situation: The summer vacation season has begun.
Change: Consumer Tastes ​and Preferences
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide23. Supply and Demand S D Pe Qe Market: Gasoline
Situation: The summer vacation season has begun.
Change: Consumer Tastes ​and Preferences
Shift: Increase in Demand
Result: Pe and Qe increase Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) P'e Q'e<br>
slide24. Supply and Demand S D Pe Qe Market: Ice Cream
Situation: The summer vacation season has begun.
Change: ?
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide25. Supply and Demand S D Pe Qe Market: Ice Cream
Situation: The summer vacation season has begun.
Change: Consumer Taste or Preference
Shift: Increase in Demand
Result: Pe and Qe increase Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) D’ Q’e P’e<br>
slide26. Supply and Demand S D Pe Qe Market: Ice Cream
Situation: The price of milk has increased.
Change: ?
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide27. Supply and Demand S D Pe Qe Market: Ice Cream
Situation: The price of milk has increased.
Change: Input Prices
Shift: Decrease Supply
Result: Pe Increase and Qe Decrease Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) S’ P’e Q’e<br>
slide28. Supply and Demand S D Pe Qe Market: iPad 3
Situation: iPad 4 unveiled!
Change: ?
Shift: ?
Result: ? Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity)<br>
slide29. Supply and Demand S D Pe Qe Market: iPad 3
Situation: iPad 4 unveiled!
Change: Consumer Taste and Preference
Shift: Decrease in Demand
Result: Pe and Qe Decrease Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) D’ P’e Q’e<br>
slide30. Supply and Demand S D Pe Qe Market: Tea
Situation: The price of coffee increases by $1/pound
Change: Prices of Related Goods
Shift: Increase in Demand
Result: Pe and Qe Increase Things That Change Pe and Qe
(A.K.A. Equilibrium Price and Quantity) P’e Q’e D’<br>