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ACTIVITY 10 : CHANGES IN EQUILIBRIUM. PRODUCT EVENT 1. Wheat Drought Destroys Crop 2. Redwood Lumber Consumers Boycott Redwood Lumber 3. Cigars Gov’t Payments Support Cigar Industry 4. Digital Cameras Gov’t decreases income taxes

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activity 10 changes in equilibrium
ACTIVITY 10: CHANGES IN EQUILIBRIUM

PRODUCT EVENT

1. Wheat Drought Destroys Crop

2. Redwood Lumber Consumers Boycott Redwood Lumber

3. Cigars Gov’t Payments Support Cigar Industry

4. Digital Cameras Gov’t decreases income taxes

5. Paper Price of Wood Pulp (* main ingredient) Rises

6. I-phones Cases half-off

* You don’t need to write ‘main ingredient’…unless you want to.

activity 10 changes in equilibrium1
ACTIVITY 10: Changes in Equilibrium

PRODUCT EVENT

7. Tofu Meat Prices Increase

8. Tofu Soybean (* main ingred-

ient) Prices Down

9. Tofu Tofu Price Increase

10. Apples New Pesticide Kills

Apple Pests

11. Apples Gov’t Bans Pesticides

12. Apples Apple Prices Expected

To Decrease