Question
Using fully labelled diagrams, illustrate what may De the outcome in each of the questions given below. 1 What would happen to the demand for
Using fully labelled diagrams, illustrate what may De the outcome in each of the questions given below. 1 What would happen to the demand for bicycles if there were a large increase in the tax on motor scooters? 2 What would happen to the demand for foreign holidays if there were an increase in incomes? 3 What would happen to the demand for DVDs if there were a significant fall in the price of DVD players? What would happen to the demand for cars if there were a significant increase in the level of income tax? 5 What would happen to the demand for ice creams if the price of ice creams went up? 6 What would happen to the demand for a certain brand of bottled water if there was an article about the lack of purity of the source of the water in a national newspaper? 7 What would happen to the demand for carrots if there was an increase in the size of the population?
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