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Monday, January 10, 2011

Supply and Demand

http://www.google.com/imgres?imgurl=https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTCMCbLUBL2jmuZeyq3ubTZARnI6b0taF_pkHwr9KusogVdIawK8i4HhuLJ7kFA943I8nTuc0x_aDxBi0dOAfYq7O41SlJzU0o6xEFAmlwsUUSNhCEL0nZQN5AX8V784Guyr_IKSUnm2o/s400/econs_cartoon_1.PNG&imgrefurl=http://08s6kecons.blogspot.com/2008/05/random-cartoons.html&usg=__1jBsVriNiL_aIHBCS9I_qR05kEs=&h=315&w=400&sz=147&hl=en&start=24&sig2=s4oyu_aKvxjJpefcsggQfA&zoom=1&tbnid=02A4G06ayuRuBM:&tbnh=158&tbnw=200&ei=pcAsTZu7H5_qnQeKr_DeCQ&prev=/images%3Fq%3Dsupply%2Band%2Bdemand%2Bcatoons%26um%3D1%26hl%3Den%26sa%3DN%26biw%3D1024%26bih%3D677%26tbs%3Disch:10,1049&um=1&itbs=1&iact=rc&dur=269&oei=nMAsTeqAOJCmnQed-4DgCQ&esq=4&page=3&ndsp=12&ved=1t:429,r:4,s:24&tx=154&ty=29&biw=1024&bih=677


This cartoon describes the shift from natural gas to fossil fuel. Since this is supply and demand, the demand of the gas shifts left and the supply curve also shifts left. Which means prices will increase and the quantity will decrease. -MC #30
Posted by BIG 3 at 3:49 PM
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  • ▼  2011 (15)
    • ▼  January (15)
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      • Capitalism
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      • Unemployment rate dropped
      • Scarcity
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      • GDP
      • How thieves can steal your idenity
      • Rolls-Royce supply and demand
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