follow the steps to label and describe each demand curve. 1. draw an arrow showing the direction in which demand moves for each scenario. 2. properly identify each demand curve (D,D1,etc). 3. identify the item in question and the reason (according to TRIBE) for the change.

2.7) Bagged cereal gains popularity during an economic expansion. P Q Item: Reason: 2.8) A news report states that in three months gas prices will permanently rise (impact on the full- size car market). P Q Item: Reason: 2.9) New natural gas deposits are found throughout North Texas (impact on coal market). P Item: Reason: 2.10) A report is released declaring issues with technology within new smartphones P Item: Reason