11. For each demand shifter, make up a situation using specific markets that would shift market demand and explain how it would shift demand to the right (increase) or to the left (decrease). MAKE SURE YOUR EXAMPLE MATCHES BOTH THE SHIFTER AND THE DIRECTION (INCREASE OR DECREASE) INDICATED. See # 10 A-E for examples. Just don't use those examples, since they shift the opposite direction than what I'm asking you to do here. a. Number of Buyers (Decrease/shift to the left) - | b. Income (Decrease/shift to the left) - C. Prices of Related Goods (Increase/shift to the right) - d. Consumer Tastes and Preferences (Decrease/shift to the left) - Consumer Expectations (Increase/shift to the right) -

11. For each demand shifter, make up a situation using specific markets that would shift market demand and explain how it would shift demand to the right (increase) or to the left (decrease). MAKE SURE YOUR EXAMPLE MATCHES BOTH THE SHIFTER AND THE DIRECTION (INCREASE OR DECREASE) INDICATED. See # 10 A-E for examples. Just don't use those examples, since they shift the opposite direction than what I'm asking you to do here. a. Number of Buyers (Decrease/shift to the left) - | b. Income (Decrease/shift to the left) - C. Prices of Related Goods (Increase/shift to the right) - d. Consumer Tastes and Preferences (Decrease/shift to the left) - Consumer Expectations (Increase/shift to the right) -

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 24QP

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