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Name: Period: Shifts in Demand Worksheet Directions: For each scenario, draw the demand for the good in parentheses. Then, based on what is written in
Name: Period: Shifts in Demand Worksheet Directions: For each scenario, draw the demand for the good in parentheses. Then, based on what is written in the scenario, shift the demand graph appropriately. 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. Then, write what the determinant of demand is. 1. At every grocery store in the area, the price of hot dogs has been at an all-time high (Hot dog buns). 3. A news article on trans fat's potential harm to people's health was in the Sunday newspaper (KFC). 5. The weatherman on the morning news predicts it will be a rainy next few weeks (Sunglasses). 2. The price of televisions will increase two months from now (Televisions). 4. Lance Armstrong is featured in an ad for Sport Chalet's workout clothes (Sport Chalet workout clothes). 6. Margarine is on sale (Butter). 7. Families move out of Placentia into Yorba Linda (Homes in Placentia). 9. The office gossip is that Jane will be the next person to get a raise and a new promotion (Clothes). 11. Peanut butter is buy one, get one free this week (Jelly). 8. Bob was laid off from his job as a real estate agent (Top Ramen). 10. High-waisted shorts are now considered out of style (High-waisted shorts). 12. The price of ground beef has increased (Ground Turkey)
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