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a. Julia believes the price of tires will rise next month, so she purchases a set of four for her piclcup truck today. b. After
a. Julia believes the price of tires will rise next month, so she purchases a set of four for her piclcup truck today. b. After an article is published asserting that eating quinoa causes hair loss, sales of quinoa drop by 75 percent. c. The Oink'N-Chew company experiences a signifi- cant decline in sales when it doubles the price of its bacon-avored bubblegum. d. An increase in the federal minimum wage results in a decline in sales of fast food. e. An unexpected decrease in the price of peanut butter results in an increase in banana sales. For each of the five statements (ae) in the previous ques- tion, draw a demand graph representing the appropriate change in quantity demanded or change in demand
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