Additional Supply and Demand Practice For each of the following scenarios,

determine which curve or curves will shift and in which direction they will move. What will happen to the Equilibrium Price and Equilibrium Quantity?

Consider the Market for a Snickers Bar.

1. The price of a Twix, a substitute good, increases.

2. The price of peanuts, and input in Snickers bar production decreases.

3. Snickers bars are linked to causing cancer.

4. Twix bars are linked to causing cancer.

5. The price of peanuts increases, and the price of Twix decreases.

Consider the market for Medical Examinations.

1. Employers begin requiring new employees to get a yearly physical examination.

2. The cost of tongue depressors increases.

3. Electronic record keeping increases health care providers efficiency.

4. The starting salary for Doctors decreases.

5. All citizens are required to have health insurance and the cost of renting office space for the doctor’s offices decreases.