4. Demand shifters The following graph shows the market demand for kumquats. Suppose that government reports link an outbreak of salmonella poisoning to a recent kumquat crop. Show the impact of the government report by shifting the demand curve on the following graph. Note: Select and drag the curve to the desired position. The curve will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. PRICE (Dollars per crate) Demand QUANTITY (Crates of kumquats) Demand The following graph shows the market demand for televisions, which are normal goods. Suppose that a deep economic recession causes consumer income to decline.

4. Demand shifters The following graph shows the market demand for kumquats. Suppose that government reports link an outbreak of salmonella poisoning to a recent kumquat crop. Show the impact of the government report by shifting the demand curve on the following graph. Note: Select and drag the curve to the desired position. The curve will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. PRICE (Dollars per crate) Demand QUANTITY (Crates of kumquats) Demand The following graph shows the market demand for televisions, which are normal goods. Suppose that a deep economic recession causes consumer income to decline.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

4. Demand shifters
The following graph shows the market demand for kumquats. Suppose that government reports link an outbreak of salmonella poisoning to a recent
kumquat crop.
Show the impact of the government report by shifting the demand curve on the following graph.
Note: Select and drag the curve to the desired position. The curve will snap into position, so if you try to move a curve and it snaps back to its
original position, just drag it a little farther.
PRICE (Dollars per crate)
Demand
QUANTITY (Crates of kumquats)
Demand
The following graph shows the market demand for televisions, which are normal goods. Suppose that a deep economic recession causes consumer
income to decline.

Show the impact of the decrease in income by shifting the demand curve on the following graph.
PRICE (Dollars per television)
QUANTITY (Televisions)
Demand
Demand
The following graph shows the market demand for beef. Suppose that the price of chicken, a substitute good for beef, decreases.

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