Explain whether each of the following statements describes a change in demand or a change in quantity demanded, and specify whether each change represents an increase or a decrease.    An econ instructor plans on purchasing 1 pair of adidas sneakers for $100 after seeing them on an episode of KUWTK. The store has them on sale for $75 and he purchases 2.   After learning he is in line for a promotion, John celebrates by treating his family to a fancy restaurant meal.   When the price of strawberries unexpectedly rises, many consumers choose to purchase raspberries instead

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter3: Market Demand And Supply
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Explain whether each of the following statements describes a change in demand or a change in quantity demanded, and specify whether each change represents an increase or a decrease. 

 

  1. An econ instructor plans on purchasing 1 pair of adidas sneakers for $100 after seeing them on an episode of KUWTK. The store has them on sale for $75 and he purchases 2.

 

  1. After learning he is in line for a promotion, John celebrates by treating his family to a fancy restaurant meal.

 

  1. When the price of strawberries unexpectedly rises, many consumers choose to purchase raspberries instead.
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