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Paul, Chris and Jon have different demand curves for cars. Paul's demand curve is P = 10 - Q; Chris' demand curve is P =
- Paul, Chris and Jon have different demand curves for cars. Paul's demand curve is P = 10 - Q; Chris' demand curve is P = 8 - Q; and Jon's demand curve is P = 6 - Q. They are the only consumers of cars in the market.
- Paul just won the lottery. Draw a new demand curve (on your original curve) to show where demand will shift. Label it "More Income"
- Chris was just told that the interior of the car was made with toxic materials. Draw a new demand curve (on your original curve) to show where demand will shift. Label it "Product Rejection"
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