shifts in demand curve
TRANSCRIPT
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Demand CurSupply Con
Increase in Income (and t
Consumers spend more of their hi
Demand curve shift
Price
0 10 20 30 40 50 60 70
1
1.5
2
2.5
3
3.5
4
4.5
5
5.5
6
6.5
7
7.5
8
8.5
9
9.5
10
Price
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e Shiftstant
he good is normal)
gher income on the good.
s rightward.
Quantity
Demand
Supply
hifted Deman
80 90 100
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Arrows
Shift to R
Shift Increment 40Supply Constant Table
No Event 0
Increase in the Price of a SubstConsumers buy less of the sub 40
Increase in the Price of a CompConsumers buy less of the co -40
Increase in Income (and the goConsumers spend more of thei 40
Increase in Income (and the goConsumers spend less of their -40
Increase in the Taste for the G Consumers are willing to buy a 40
Increase in Population Additional consumers result in 40
Increase in the Expected Price Consumers buy more of the go 40
CHART DATA
Price Demand Shifted Supply
1 135 175 55
2 125 165 65
3 115 155 75
4 105 145 85
5 95 135 95
6 85 125 105
7 75 115 115
8 65 105 1259 55 95 135
10 45 85 145
First Intersection
95 5
Second Intersection
115 7
Shift Line
80 10
50 10
Arrow part 1
80 10
75 10.5
Arrow part 2
80 10
75 9.5
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Increm first second
45 0 0
10 0 0
10 0 0
10 0 0
10 5 0
10 0 0
10 0 7
10 0 010 0 0
10 0 0
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