Question 12

Start at point A on demand curve D1, determine whether the indicated event will cause demand to increase to D2 or decrease to D3, or whether there will be a movement along the demand curve D1.

For each of the following events, indicate where the new point will be after the event D1.

A. Sweaters fall out of fashion: answer choices C, B, E,D

B: There is a shortage of wool: answer choices E, C, B,D

C: The winter is particularly long and cold this year: answer choices D, E, C,B

D: Sweater vendors offer a sale: answer choices D, E, C,B