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New Class practice demand.

Last updated over 5 years ago

4 questions

1

Question 1

1.

This is the market demand for Candy Corn in September. Below are several different headlines representing some kind of change in the market. Start at curve D2 when you read each headline. Then fill in the answers on the chart at the bottom. Would Demand shift? Increase or decrease? Would it shift left or right? And what would be the new curve. Would you move from D2 to D3, D2 to D1, OR there is one that has no change in demand.

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Question 2

2.

On these, identify what determinanta would cause the demand curve to shift, and draw the new demand curve. Label it D2

Question 3

3.

Follow the same directions from question 2(shift curve, list shifter/determinant), but one of these will not have a change in demand. It will only have a change in Quantity demanded. Show the change in quantity demanded on that particular one.

Question 4

4.

I have already put the name of the market at the top of each graph, drawn a Demand Curve, and labeled it D1. Using the line tool in the top left, draw a second curve according to the situation listed above. Name that Curve "2" using the T option. I am not really worried about you naming the determinant correctly at the top as some of the situations could relate to more than 1 determinant. Just put the initials for one of the determinant it goes with. If you hit the magnifying glass to zoom in it makes things much easier. You can use the hand to move the paper around. You can use the box to move text boxes and lines. There is one that is not a change in demand, but a change in Quantity demanded. Use the circle option and the numbers 1 and 2 to show movement along the curve.