A shift of demand is a movement of the entire demand curve & will result in a change in the equilibrium price & the equilibrium quantity. In the following 10 statements, determine what effect the event will have on the market for Burger King Whoppers in Oak Ridge. While you may want to say what happened to the price & quantity, for this exercise only consider the demand. Circle your selection for what would happen to the demand curve. Remember that a shift to the left is a decrease & a shift to the right is an increase. You may want to refer to the determinants of demand if you are not sure what the effect of an event would be. What would happen.to the demand for a Burger King Whopper in Oak Ridge if: 1. The Burger King store is the only store open when you are hungry. >THE DEMAND CURVE WILL: Shift Left Stay the Same Shift Right 2 The Y-12 Plant hires 200 new employees. >THE DEMAND CURVE WILL: Shift Left Stay the Same Shift Right 3. The Y-12 Plant closes and 400 employees are now unemployed. >THE DEMAND CURVE WILL: Shift Left Stay the Same Shift Right

A shift of demand is a movement of the entire demand curve & will result in a change in the equilibrium price & the equilibrium quantity. In the following 10 statements, determine what effect the event will have on the market for Burger King Whoppers in Oak Ridge. While you may want to say what happened to the price & quantity, for this exercise only consider the demand. Circle your selection for what would happen to the demand curve. Remember that a shift to the left is a decrease & a shift to the right is an increase. You may want to refer to the determinants of demand if you are not sure what the effect of an event would be. What would happen.to the demand for a Burger King Whopper in Oak Ridge if: 1. The Burger King store is the only store open when you are hungry. >THE DEMAND CURVE WILL: Shift Left Stay the Same Shift Right 2 The Y-12 Plant hires 200 new employees. >THE DEMAND CURVE WILL: Shift Left Stay the Same Shift Right 3. The Y-12 Plant closes and 400 employees are now unemployed. >THE DEMAND CURVE WILL: Shift Left Stay the Same Shift Right

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Demand-Shift-Quiz.pdf
Microsoft Word Demand Shift Worksheet.doc
Demand Shift Worksheet
A shift of demand is a movement of the entire demand curve & will result in a change in the
equilibrium price & the equilibrium quantity. In the following 10 statements, determine what effect the
event will have on the market for Burger King Whoppers in Oak Ridge. While you may want to say
what happened to the price & quantity, for this exercise only consider the demand. Circle your
selection for what would happen to the demand curve. Remember that a shift to the left is a decrease &
a shift to the right is an increase. You may want to refer to the determinants of demand if you are not
sure what the
e effect of an event would be.
What would happen to the demand for a Burger King Whopper in Oak Ridge if:
1. The Burger King store is the only store open when you are hungry.
=>THE DEMAND CURVE WILL:
Shift Left
Stay the Same
Shift Right
The Y-12 Plant hires 200 new employees.
=>THE DEMAND CURVE WILL:
Stay the Same
Shift Right
3. The Y-12 Plant closes and 400 employees are now unemployed.
=>THE DEMAND CURVE WILL:
Shift Left
Stay the Same
Shift Right
4. McDonald's lowers the price of a Big Mac by 50¢.
=>THE DEMAND CURVE WILL: Shift Left
Stay the Same
Shift Right
5. McDonald's and Wendy's raises their prices by 25%.
->THE DEMAND CURVE WILL: Shift Left
Stay the Same
Shift Right
6. McDonald's raises the price of fries and Coke by 25%.
=>THE DEMAND CURVE WILL: Shift Left
Stay the Same
Shift Right
7. McDonald's provides free fries with every order.
Shift Left
>THE DEMAND CURVE WILL:
Stay the Same
Shift Right
8. A Krystal restaurant opens next door and everybody wants to try the new Cheddar Krystal.
->THE DEMAND CURVE WILL: Shift Left
Stay the Same
Shift Right
9. McDonald's adds a special secret seasoning to their sandwiches and there is a large increase in
demand for Quarter Pounders with Cheese.
=>THE DEMAND CURVE WILL: Shift Left
Stay the Same
Shift Right
10. Gasoline prices increase by an extra 50¢ per gallon and the demand for Quarter Pounders with
Cheese decline.
>THE DEMAND CURVE WILL: Shift Left
Stay the Same
Shift Right
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