Supply Graphing- Use the 11X17 white paper to create 5 different graphs that measure supply.
There will be the original supply and demand schedule with a table and then 4 other supply
graphs that display a shift in supply. Supply tables will also be included that display the shift in
quantity and price. Two of the supply curves will be shifted to the right and two of the supply
curves will be shifted to the left. Each supply curve shift must have the factor of supply that
shifted the curve labeled and defined.. Each supply curve shift and factor must also have a real
world example that matches the shift and factor.
Supply
4
Provides rules for all 4
Provides rules for 3
factors of supply
factors of supply
Provides 4 examples of the
Provides 3 examples of
factors of supply that
the factors of supply that
caused the curve to shift.
caused the curve to shift.
Supply curve measuring
Supply curve measuring
quantity shifts in the correct quantity shifts in the
direction on all 4 graphs.
correct direction on 3
graphs.
Supply curve measuring
Supply curve measuring
price shifts in the correct
price shifts in the correct
direction on all 4 graphs.
direction on 3 graphs.
Provides original and the 4
Does not provide all
shifted supply tables and
supply tables or supply
graphs that follow the law does not follow the law of
of supply.
supply.
Provides rules for 2
factors of supply
Provides 2 examples of
the factors of supply that
caused the curve to shift.
Supply curve measuring
quantity shifts in the
correct direction on 2
graphs.
Supply curve measuring
price shifts in the correct
direction on 2 graphs.
Does not provide supply
tables or graph does not
follow supply laws.
Provides rules only
factors of supply
Provides 1 examples of
the factors of supply that
caused the curve to shift.
Supply curve measuring
quantity shifts in the
correct direction on only 1
graph.
Supply curve measuring
price shifts in the correct
direction on 1 graph.
Does not include the table
or graph on all of the
supply charts.
Demand Graphing- Use the 11X17 white paper to create 5 different graphs that measure
demand. There will be the original supply and demand schedule with a table and then 4 other
demand graphs that display a shift in demand. Demand tables will also be included that display
the shift in quantity and price. Two of the demand curves will be shifted to the right and two of
the demand curves will be shifted to the left. Each demand curve shift must have the factor of
demand that shifted the curve labeled and defined. Each demand curve shift and factor must
also have a real world example that matches the shift and factor.
Demand
4
Provides rules for all 4
factors of demand
Provides 4 examples of the
factors of demand that
caused the curve to shift.
Provides rules for 3
factors of demand
Provides 3 examples of
the factors of demand
that caused the curve to
shift.
Demand curve measuring
quantity shifts in the
correct direction on 3
graphs.
Demand curve measuring
price shifts in the correct
direction on 3 graphs.
Does not provide all
supply tables or demand
does not follow the law of
demand.
Provides rules for 2
factors of demand
Provides 2 examples of
the factors of demand
that caused the curve to
shift.
Demand curve measuring
quantity shifts in the
correct direction on 2
graphs.
Demand curve measuring
price shifts in the correct
direction on 2 graphs.
Does not provide supply
tables or graph does not
follow demand laws.
Provides rules only
factors of demand
Provides 1 examples of
the factors of demand
that caused the curve to
shift.
Demand curve measuring
quantity shifts in the
correct direction on only
1 graph.
Demand curve measuring
price shifts in the correct
direction on 1 graph.
Does not include the table
or graph on all of the
demand charts.
Demand curve measuring
quantity shifts in the
correct direction on all 4
graphs.
Demand curve measuring
price shifts in the correct
direction on all 4 graphs.
Provides original and the 4
shifted demand tables and
graphs that follow the law
of demand.
Original Supply and Demand Graphing
4
Identified price ceiling and
floor.
Graph is titled, price on the
y & quantity on the x,
appropriate increments
used on each axis, curves
and equilibrium labeled.
Identified price ceiling or
floor
Missing one piece from
titles, axis qualities,
increments, curve &
equilibrium.
Demand curve properly
plotted and moving in the
right direction.
Supply curve properly
plotted and moving in the
right direction.
Provides original table and
graph that follow the law of
demand supply and
demand.
Missing two pieces from
titles, axis qualities,
increments, curve &
equilibrium.
Missing price ceiling and
floor.
Missing three pieces from
titles, axis qualities,
increments, curve &
equilibrium.
Demand curve moving in
the right direction but
points are not properly
plotted.
Demand curve not moving
in the right direction and
points are not properly
plotted.
Does not provide a demand
curve.
Supply curve moving in
the right direction but
points are not properly
plotted.
Provides original table or
graph that follows the law
of demand supply and
demand.
Supply curve not moving
in the right direction and
points are not properly
plotted.
Missing an original table
or graph.
Does not provide a supply
curve.
Does not provide original
table and graph.
As part of this project, you will also need to complete short answer explanations of each
graphed section- supply shift, demand shift, original supply and demand curves. To assist you in
explaining the graphs, you have been provided with some discussion questions.
Original Supply and Demand Curve-What is the market equilibrium price? How was that established during our simulation?
- What was the market equilibrium quantity for the supply and demand? How was that
determined as a result of our market simulation?
-How would a price floor change the price and quantity provided in a market? What did/would
it do to our simulation?
-How would a price ceiling change the price and quantity provided in a market? What
did/would it do to our simulation?
* You must be able to refer to our simulation when explaining the original supply and demand
curve.
Supply Curve Shifts-What would cause supply curve shifts to the right? How would that affect the equilibrium price
and quantity available?
- What would cause supply curve shifts to the left? How would that affect the equilibrium price
and quantity available?
-Who benefits from shifts to the right and why? (Supplier or Consumer) Who benefits from
shifts to the left and why? (Supplier or Consumer)
*Be sure to refer to our simulation when explaining the possibilities of shifts.
Demand Curve Shifts-What would cause demand curve shifts to the right? How would that affect the equilibrium
price and quantity available?
- What would cause demand curve shifts to the left? How would that affect the equilibrium
price and quantity available?
-Who benefits from shifts to the right and why? (Supplier or Consumer) Who benefits from
shifts to the left and why? (Supplier or Consumer)
*Be sure to refer to our simulation when explaining the possibilities of shifts.
