Questions _____1. The price of an iPhone 11 is reduced 35%. What will happen to the demand curve for iPhone 11s? (iPhone 11) _____2. Congress passes a large tax increase. Consumers now have more taxes taken out of their paychecks and have less income. What will happen to the demand curve for normal goods? (normal goods) _____3. Congress passes a large tax increase. Consumers now have more taxes taken out of their paychecks and have less income. What will happen to the demand curve for inferior goods? (inferior goods) _____4. The price of Samsung Galaxy's is reduced by 50%. What will happen to the demand curve for iPhones? (iPhones) _____5. The price of Airpods increases. What will happen to the demand curve for Airpods? (Airpods) _____6. Blue Ray players go on sale. What will happen to the demand curve for Blue Rays? (Blue Rays) _____7. Target offers an in-store discount on all TVs. What will happen to the demand curve for TVs? (TVs) _____8. Companies begin manufacturing goods using a new type of machinery that doesn't run on oil/gasoline. What will happen to the demand curve of oil/gasoline? (oil/gasoline) _____9. The price of Playstation game consoles increases. What will happen to the demand curve of Xbox consoles? (Xbox consoles) _____10. The cost of toilet paper increases. What will happen to the demand curve of toilet paper? (toilet paper)

ext Arial 16 B U A I= 2 5 6 Use the chart below to help you determine the BEST answer to the given scenarios. When reading each scenario you should consider the item in parenthesis to determine the best answer. Use INSECT to help you. Graph 1 below Graph 2 below Price Price X Q1 Q Quantity Q Q1 Quantity Copyright www.economiesonlineco.t Copyright wwwexonomicion inecock A. Price decreases in Graph 1 B. Price increases in Graph 2 C. Demand decreases in Graph 1 D. Demand increase in Graph 2