Indicate how you think each of the following would shift demand in the indicated market. (LO1) a.
Question:
Indicate how you think each of the following would shift demand in the indicated market. (LO1)
a. The incomes of buyers in the market for Adirondack vacations increase.
b. Buyers in the market for pizza read a study linking pepperoni consumption to heart disease.
c. Buyers in the market for gas-powered cars learn of an increase in the price of electric cars (a substitute for gas-powered cars).
PROBLEMS ®
d. Buyers in the market for electric cars learn of an increase in the price of electric cars.
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Related Book For
Principles Of Microeconomics A Streamlined Approach
ISBN: 9781264058785
4th Edition
Authors: Robert H. Frank
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