Directions: Write below whether each factor will increase or decrease demand for the market listed, what determinant of demand caused the increase and decrease and show the demand curve shift on the graph. Determinant and Change Increase or Decrease: increase Graph Scenario 9. Market: Paper towels this month TRIBE: high prices Scenario: Prices of paper towels are expected to rise in the future.
Directions: Write below whether each factor will increase or decrease demand for the market listed, what determinant of demand caused the increase and decrease and show the demand curve shift on the graph. Determinant and Change Increase or Decrease: increase Graph Scenario 9. Market: Paper towels this month TRIBE: high prices Scenario: Prices of paper towels are expected to rise in the future.
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 11PA
Related questions
Question
I need help with number 12, 13, and 14
![Directions: Wnite below whether each factor will increase or decrease demand for the market listed, what
determinant of demand caused the increase and decrease and show the demand curve shift on the graph.
Scenario
Determinant and Change
Graph
9. Market: Paper towels this month
Increase or Decrease: increase
TRIBE: high prices
Scenario: Prices of paper towels are expected
to rise in the future.
D
10. Market: Cheese this month
Increase or Decrease: decrease
TRIBE: lower prices
Scenario: Prices are expected to fall next
month
Q
11. Market Pancake market
Increase or Decrease: decrease
Scenario: Prices of syrup increase.
TRIBE: price of related goods
D
Q
12. Market: Ketchup market
Increase or Decrease:
P
Scenario: Prices of hot dogs decrease
TRIBE:
Q
13. Market: Almond milk
Increase or Decrease:
Scenario: Price of dairy milk increases
TRIBE:
D
14. Market: Almond butter
Increase or Decrease:
P.
Scenario: Price of peanut butter decreases
TRIBE:
D
Recovered
O Focus
o search
70°F](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca8d98b3-536e-49bc-8fb6-44d8ad80c9a2%2Fc56b330e-2b46-4dd4-b1e5-5472dec85e2b%2F7gu3pyt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Directions: Wnite below whether each factor will increase or decrease demand for the market listed, what
determinant of demand caused the increase and decrease and show the demand curve shift on the graph.
Scenario
Determinant and Change
Graph
9. Market: Paper towels this month
Increase or Decrease: increase
TRIBE: high prices
Scenario: Prices of paper towels are expected
to rise in the future.
D
10. Market: Cheese this month
Increase or Decrease: decrease
TRIBE: lower prices
Scenario: Prices are expected to fall next
month
Q
11. Market Pancake market
Increase or Decrease: decrease
Scenario: Prices of syrup increase.
TRIBE: price of related goods
D
Q
12. Market: Ketchup market
Increase or Decrease:
P
Scenario: Prices of hot dogs decrease
TRIBE:
Q
13. Market: Almond milk
Increase or Decrease:
Scenario: Price of dairy milk increases
TRIBE:
D
14. Market: Almond butter
Increase or Decrease:
P.
Scenario: Price of peanut butter decreases
TRIBE:
D
Recovered
O Focus
o search
70°F
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