subject:applied economics topic:market demand

Activity 2: Up or Down Directions: Identify the following situations below. Put (arrow up) if there is an - increase in demand, an (arrow down) if there's a decrease in demand. 1. Overpopulation in urban area 2. There's red tide in Cavite 3. There will be an inflation next week, the demand for goods today is expected to 4. You want to exchange your US dollar bill however, the peso will be expected to become strong next week. 5. The price of ice cream increases, the demand for sugar cone is expected to