econ demand & supply

econ demand & supply

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  • oh my, we have too many grapes this harvest. Guess we have to make more jelly...
  • Wow! Jelly is so cheap! I should buy some. Oh, but I need peanut butter, too.
  • Therefore, the demand curve for peanut butter will shift to the right since the the price of a compliment, jelly, decreased.
  • Wow! Polos are really in style right now. A lot of people are buying them. I'll start a company and sell some.
  • Here at the new factory, we've been making so many polos.
  • The supply curve for polos will  shift to the right since the number of suppliers increased.
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