supply and demand curve movers

A rich person Gives all students $1,000

Income, Demand, Normal goods: When income increases demand increases, Curve shifts right, Inferior goods: when income increases demand decreases, shifts left, (ramen)

Price of brownies decrease, how does this affect donuts

Price of related goods, substitution: Demand for donuts decrease(Shifts left) because the price of their replacement decreased

Price of milk decreases, how does this affect donuts

Price of related goods, Complement: Both goods are consumed together, Demand for donuts increase( Shifts right)

New information that donuts are good for you

Tastes and preferences, demand for donuts increase, shifts right

If there is new information that gas prices will double tomorrow

Consumers expectation of price, demand increases, shifts right

10,000 students return to college what happens to the demand for donuts

Number of consumers, demand for donuts increase, Shifts right

Minimum wage increases

Price of inputs, supply curve decreases, (Shifts left)

Price of calzone increases, how does this affect the supply of pizza

Price of related goods, substitute in production produced instead, Supply of pizza decreases ( Shifts left)

Price of salmon chips decrease what happens to supply of salmon filets

Price of related goods, Complement, supply of salmon filets decreases, (shifts left)

Government of NC taxes a dollar on every Pie

Tax, Supply decreases (shifts left)

Government of NC subsidizes the making of Pie

Subsidy, Supply increases (Shifts right)

A new store opens

Number of sellers, supply increases (Shifts right)

Gas stations learn gas prices will double tomorrow,

Producer price expectations, Todays supply will decrease, (Shift left)

Shop catches fire

Weather/ Disaster, Supply decreases (Shifts left)

A new technology lowers the price of production

Technology, increases supply (shifts right)