Back to Assignment Attempts Do No Harm / 2 3. Movements along versus shifts of demand curves Consider the market demand for coffee. Complete the following table by indicating whether an event will cause a movement along the demand curve for coffee or a shift of the demand curve for coffee, holding all else constant. Event Movement Along Shift A decrease in the price of coffee O O A change in tastes of consumers that makes them desire more coffee O O An increase in the price of oat milk (a complement for coffee) O Grade It Now Save & Continue Continue without saving7. Shin: in Supply or Demand The following graph plots the market for gyros in Dallas, where there are always over 1,000 gyro trucks. Suppose the Surgeon General issues a public statement saying that consuming gyros is bad for your health. Show the effect of this change on the market for gyros by sluifng one or both of the curves on the following graph, holding all else constant. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position. so if you try to move a curve and it snaps back to its original position. just drag it a little farther. 0 SUDPI Demand D Supplyr C?) E a E Q. E - - - - - - - - - -+ T: I 9 I E I E I I and I I I I I QUANTITY {Gyros} Now suppose Congress passes a tax cut that increases the income of Dallas residents. If gyros are a normal good, this will cause the demand for gyms to increase v . 6. A Supply and Demand puzzle The following graph presents the market for keyboards in 2014. Between 2014 and 2015, the equilibrium price of keyboards remained constant, but the equilibrium quantity of keyboards decreased. Given this information, you can conclude that between 2014 and 2015, the supply of keyboards and the demand for keyboards Make changes to the graph to illustrate your answer by showing the positions of the supply and demand curves in 2015. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther." O Supply Demand Supply PRICE (Dollars per keyboard) Demand QUANTITY (Keyboards)