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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 =

  1. 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.
  2. Paul just won the lottery. Draw a new demand curve (on your original curve) to show where demand will shift. Label it "More Income"
  3. 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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