Question
For each scenario, draw demand for the good in parentheses. Then, based on what is written in the scenario, shift the demand graph appropriately (curve
For each scenario, draw demand for the good in parentheses. Then, based on what is written in the scenario, shift the demand graph appropriately (curve will shift to the left or the right to represent a decrease or increase in demand respectively). Be sure to label the original demand curve as "D1" and the shifted demand curve as "D2" and draw arrows to show if the demand curve shifted to the right or left. Label the axes on the graph with price and quantity. Then, write what the determinant of demand is. (Remember, determinants are one of the TRIBE reasons). The first one is completed for you.
The price of televisions will increase two months from now (Televisions
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