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8. The graph below shows three possible levels of demand for beef. Assume that at present beef demand is represented by the curve labeled D1.

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8. The graph below shows three possible levels of demand for beef. Assume that at present beef demand is represented by the curve labeled D1. Read the eight newspaper headlines in the table below the graph and use the table to indicate the impact each headline will have on the demand for beef. Demand for Beef Price of beef D3 D2 D1 Quantity of beef demanded Will demand Will the Which is the Which increase or curve shift to new demand determinant Headline Will demand decrease the left or the curve of demand is shift (Y/N) (1/D) right (L/R) (D3/D2) affected? (T/O/E//S) Price of beef expected to increase next month Recession causes average incomes to fall Pork prices increase New study claims red meat increases risk of heart disease Higher feed costs cause price of beef to rise Propane shortage makes barbecuing a more expensive way to cook Nationwide fad: the "all protein diet"

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