Econ Cartoon

Econ Cartoon

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Storyboard Text

  • Ah at last spring has come and it is time to go feed the birds! All of a sudden: there has been an increase in demand for bird feeders!
  • The blue line represents the new demand in this market. This leads to an increase in price and quantity of this product as more people want said product.
  • The blue line represents the new demand in this market. This news now leads to a decrease in demand as many people do not want the birds to be harmed so them stop buying said product. This also leads to a surplus of goods as the spring season has just come into play. With this surplus, sellers are lowering their prices of said product.
  • Oh No! A new study was just published saying that bird feeders cause bird flu as bird feeders are rarely washed and are a popular place for bacteria to accumulate! All of a sudden: There has been a decrease in demand for bird feeders! 
  • A few decades later, new technology has been created to allow bird feeders to stay clean and sanitary, so the consumers don't need to worry about bird flu! All of a sudden there has been an increase in supply of this product!
  • This change leads to a price decrease on the object, yet an increase on quantity sold
  • The product i am using for my example is: bird feeders
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