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Markets: Demand

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4. In the market for Hawaiian vacations, what will happen if tourists are killed ... what will happen if the price of Apple PCs fall as does the price of software ... – PowerPoint PPT presentation

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Title: Markets: Demand


1
MarketsDemand SupplyProblems
  • Dr. Dennis Foster

2
  • 1. In the market for oranges, what will happen
    if there is great weather in Florida and
    California?

3
  • 2. In the market for eggs, what will happen if
    they are found to raise cholesterol levels and
    raise the risk of heart problems?

4
  • 3. In the market for fine dining, what will
    happen if incomes across the population rise?

5
  • 4. In the market for Hawaiian vacations, what
    will happen if tourists are killed in Miami and
    hotel workers (in HI) get higher wages?

6
  • 5. In the market for cookbooks, what will
    happen if scientists find a promising cure for
    AIDS?

7
  • 6. In the market for beef, what will happen if
    the price of pork rises and the government
    restricts the import of beef?

8
  • 7. In the market for apartments, what will
    happen if NAUs enrollment increases 25?

9
  • 8. In 7 (market for apartments), what will
    happen if NAU students successfully lobby the
    city council to establish a rent ceiling at Pe?

10
  • 8. (cont.) What is the problem in this market?
  • Losers
  • Winners

How can tenents pay more in this market?

11
  • 9. In the market for new cars, what will happen
    if gas prices jump by 25 and auto workers go on
    strike?

12
  • 10. In the market for PCs, what will happen if
    workers see that the future will require that
    they have computer skills and Intel invents a
    new, bigger, faster, cheaper computer chip?

13
  • 11. In the market for peanuts, what will happen
    if the government establishes licensing as a
    mechanism for raising peanut farmer incomes?

14
  • 12. In the market for Windows XP, what will
    happen if the price of Apple PCs fall as does the
    price of software that is compatible with XP?

15
MarketsDemand SupplyProblems
  • Dr. Dennis Foster
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