Econ Storyboard

Econ Storyboard

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  • I just bought a new car !
  • No man. I got into a car accident and now I must pay for my medical bills. My family is in debt. I have no choice but to sell my car now. 
  • Demand will decrease and the curve will shift to the left. He was a wealthy man spoiled by his parents money until his family was in debt after he buys an expensive car. He now has to pay for his medical bills because of his car accident. His demand for nice items in life has decreased because he can no longer pay for them. 
  • I must work at McDonalds to help me and my family.
  • The government will be increasing the taxes on your items.
  • Please do not do this! If you do, then we will lose customers and go backrupt!
  • No sir! I beg of you! Who will feed our families? Please!
  • Oh dear! I am sorry ma'am. You know what? We won't increase your taxes. Your rates will remain the same.
  • God bless. The government official was a kind man. I was lucky. Now I am able to continue making profit.
  • Since their taxes did not increase, their demand will now increase because the amount of money it costs to make their product is cheaper now than it will be in the future. Therefore, the curve will shift to the right.
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