1. Mr. Burattini loves to eat pizza and eats a lot of it, regularly. Recently he has decided to lose weight and will no longer order pizza from the local pizza places in town.
The demand will go down because he does not want to go eat pizza anymore. The supply will be higher because it is one less person who wants to buy pizza. And lastly the price will go down because pizza makers will want more people to come eat their pizza because of the more supply and less demand.
2. A famous rock star shows up at an awards show wearing a new style of pants.
The demand of the pants will rise very high. Soon the supply would drop low because everyone demanding the pants would buy them. Finally the price would rise because since it’s in such high demand, they can charge extra and people will still buy it.
3. Chocolate is found to cause hair loss.
The demand of chocolate would drop very quickly. The supply would still be very high, and then the price would drop a lot as well, because they want to get rid of all the chocolate because no one want to buy it anymore. Except bald people. Bald people would be happy.
4. A new phone has been found to instantly make you popular.
The demand would very rapidly grow. The supply would be low for a while as everyone wants to buy, and IS buying the new phone. Also the price would rise because people would be willing to pay for it as the demand is so high.
5. A famous football player says he owes all of his success to an amazing new type of shoe.
The demand would rise fast, the supply would drop due to people buying it so quickly, and the price would rise because people would be willing to buy it at a higher price.
6. A famous golfer says he hurt his back sleeping on a bed at a famous hotel chain.
Demand of that particular hotel would drop fast, the supply of rooms would be very high because not a lot of people would be willing to pay good price In a hotel where you could hurt yourself. And finally the price would drop so the hotel could convince people that the price is small enough that they would risk going there.
The demand will go down because he does not want to go eat pizza anymore. The supply will be higher because it is one less person who wants to buy pizza. And lastly the price will go down because pizza makers will want more people to come eat their pizza because of the more supply and less demand.
2. A famous rock star shows up at an awards show wearing a new style of pants.
The demand of the pants will rise very high. Soon the supply would drop low because everyone demanding the pants would buy them. Finally the price would rise because since it’s in such high demand, they can charge extra and people will still buy it.
3. Chocolate is found to cause hair loss.
The demand of chocolate would drop very quickly. The supply would still be very high, and then the price would drop a lot as well, because they want to get rid of all the chocolate because no one want to buy it anymore. Except bald people. Bald people would be happy.
4. A new phone has been found to instantly make you popular.
The demand would very rapidly grow. The supply would be low for a while as everyone wants to buy, and IS buying the new phone. Also the price would rise because people would be willing to pay for it as the demand is so high.
5. A famous football player says he owes all of his success to an amazing new type of shoe.
The demand would rise fast, the supply would drop due to people buying it so quickly, and the price would rise because people would be willing to buy it at a higher price.
6. A famous golfer says he hurt his back sleeping on a bed at a famous hotel chain.
Demand of that particular hotel would drop fast, the supply of rooms would be very high because not a lot of people would be willing to pay good price In a hotel where you could hurt yourself. And finally the price would drop so the hotel could convince people that the price is small enough that they would risk going there.