Case Change in QD OR Change in Demand Graphing beef: The price of beef goes up. Graphing Coke: The price of pepsi goes up causing changes to coke. Graphing steak: People's income goes up causing people to buy more steak. Graphing Fried Chicken: People are becoming more 1 N/A N/A aware about their health and believe fried foods are bad for them. Summer comes early this year. What will happen to the air conditioner market? Graphing Ramen Noodles: College students face a rise in tuition causing the demand for ramen noodles to go up. Graphing Gas: Lines at gas stations are long because of unrest in the Middle East.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter3: Scarcity, Trade-offs, And Production Possibilities
Section: Chapter Questions
Problem 13P
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Look at the case, would that cause a change in QD or a change in demand? Would it cause it to go up or down?
Case
Change in QD
OR Change in Demand
Graphing beef:
The price of beef goes up.
Graphing Coke:
The price of pepsi goes up
causing changes to coke.
Graphing steak:
People's income goes up causing
people to buy more steak.
Graphing Fried Chicken:
People are becoming more
1
N/A
N/A
aware about their health and
believe fried foods are bad for
them.
Summer comes early this year.
What will happen to the air
conditioner market?
Graphing Ramen Noodles:
College students face a rise in
tuition causing the demand for
ramen noodles to go up.
Graphing Gas:
Lines at gas stations are long
because of unrest in the Middle
East.
Transcribed Image Text:Case Change in QD OR Change in Demand Graphing beef: The price of beef goes up. Graphing Coke: The price of pepsi goes up causing changes to coke. Graphing steak: People's income goes up causing people to buy more steak. Graphing Fried Chicken: People are becoming more 1 N/A N/A aware about their health and believe fried foods are bad for them. Summer comes early this year. What will happen to the air conditioner market? Graphing Ramen Noodles: College students face a rise in tuition causing the demand for ramen noodles to go up. Graphing Gas: Lines at gas stations are long because of unrest in the Middle East.
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