1.If the federal government says that fish is healthy for you, the demand for fish will

(increase / decrease).Which determinant of demand causes this change? _____________________

Which way will the demand curve shift?(left / right)Draw the new demand curve- Label it D1.

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D

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2.Economists announce that the unemployment rate will increase over the next six months.

The demand for new homes will (increase / decrease).Which determinant causes this change? _____________________.Which way will the demand curve shift?(left / right)Draw the new demand curve- Label it D2

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D

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3.The price of syrup increases, the demand for pancakes will (increase / decrease).

Which determinant causes this change? _________________________.

Which way will the demand curve shift?(left / right)Draw the new demand curve- Label it D3.

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D

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4.The price of airline tickets goes up, the demand for train tickets will (increase / decrease).

Which determinant causes this change? ___________________________Which way will the demand curve shift?(left / right)Draw the new demand curve-Label it D4.

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1.Using the demand schedule below, draw a demand curve.

Demand Schedule

PriceQuantity

$6.006

$5.006

$4.006

$3.006

What type of demand curve is this? (elastic / inelastic)

Give an example of a good or service that would have this type of demand curve? ______________

2.Plot the points for the demand curve and label the line D1.

Demand Schedule #1

Price QuantityP

$9.001

$6.003

$5.004

$2.006

$1.007

3.

Q

Demand Schedule #2

PriceQuantity

$9.003

$8.004Use the graph above, plot the points for the new demand curve and

$5.006label it D2

$4.007

$1.009

12.Does a shift from D1 to D2 reflect an increase or a decrease in demand? _________________