1.In the market for motor scooters, several events occur, one at a time.

Explain the influence of each event (a - e) on the quantity demanded of scooters and on the demand for scooters in complete sentences.

On the graphs below, illustrate the effects of each event either by a movement along the demand curve or a shift in the demand curve for scooters

Finally, explain which event (or events) illustrates the law of demand in action.

These events are:

a. The price of a scooter falls.

b. The price of a car falls.

c. Citing rising injury rates, cities and towns ban scooters from busy streets.

d. Scooters are a normal good and income increases.

e. Scooters become unfashionable and the number of buyers decreases.