Does the
Does it Shift
Determin
ant cause
Supply or
Demand?
Cause and Effect
Fill in the blanks to the table with the appropriate answers. The first one is done for you.
Determinant
What Happens
to the Price
What Happens
to Quantity of
Output?
Is this Shift to
the Right or to
the Left?
Level?
a Shift?
Government reduces
Yes
regulation on food industry.
Supply
Right
Decreases
Increases
1.Consumers fear a
recession and begin to save
more.
2.A trend hits the market for
sporting goods.
3.The cost of steel begins to
rise.
4.The government
implements an import quota.
5.The price of hotdogs rise
in the United States.
6.Workers gain better
education levels.
7.Income tax in the United
States begins to rise
8.Workers go on strike.
9.The price of wrist watches
in the United States
decreases.
10.Consumers expect prices
to rise next month.