Homework – Changes to Equilibrium
Take your homework from the previous lesson, and now indicate what would happen to Equilibrium. On the previous homework, you should have indicated an “increase, decrease or neither” for Supply and Demand. Now, note what would happen to Equilibrium Price (P*) and Equilibrium Quantity (Q*). Make sure to highlight “why” you state this. (If you need the full Market Change, refer to your previous homework.)
Therefore, for this assignment, indicate if both P* and Q* increase, decrease or neither. (Unlike the previous assignment, both can change in this one.)
#1 Market Change P* Q* #2 Market Change P* Q*
Almond milk/Soy Milk Toilet Paper
Why? Why?
#3 Market Change P* Q* #4 Market Change P* Q*
Masonry Base Realignment and Gasoline Markets
Why? Why?
#5 Market Change P* Q* #6 Market Change P* Q*
Minimum Wage Pools
Why? Why?
#7 Market Change P* Q* #8 Market Change P* Q*
Tariffs and Steel Coffee and Muffins
Why? Why?
#9 Market Change P* Q* #10 Market Change P* Q*
Nintendo Switch Teleconferencing and Health Insurance
Why? Why?
#11 Market Change P* Q* #12 Market Change P* Q*
Car Insurance Car Washes
Why? Why?
