Make Price Move
Below are two price charts, one empty and the other showing price changes for the X-Brand Hi-Top Shoes. Your task is to make both charts match. You will do this by picking the events that affect supply and demand, causing price to move by different amounts.
Events
- New advertising campaign released.
- A new competitor has arrived in the market.
- Christmas is approaching and the X-Brand Hi-Tops are the top-requested item for teenage consumers. Factories cannot make enough to keep in stores.
- A popular celebrity has been endorsing and seen wearing the Hi-Tops.
- After seeing holiday-level demand for the shoes, factories over produce to a point that the stores are overstocked.
- A machine breakdown in one of the factories shuts down production for a month.
- Summer fashions arriving all do not include hi-tops as an accessory.
- Trade conflicts reduce the amount of factory imports that can be brought in.
Choose event #1.