Case Change in QD OR Change in Demand Graphing beef: The price of beef goes up. Graphing Coke: The price of pepsi goes up causing changes to coke. Graphing steak: People's income goes up causing people to buy more steak. Graphing Fried Chicken: People are becoming more 1 N/A N/A aware about their health and believe fried foods are bad for them. Summer comes early this year. What will happen to the air conditioner market? Graphing Ramen Noodles: College students face a rise in tuition causing the demand for ramen noodles to go up. Graphing Gas: Lines at gas stations are long because of unrest in the Middle East.
Case Change in QD OR Change in Demand Graphing beef: The price of beef goes up. Graphing Coke: The price of pepsi goes up causing changes to coke. Graphing steak: People's income goes up causing people to buy more steak. Graphing Fried Chicken: People are becoming more 1 N/A N/A aware about their health and believe fried foods are bad for them. Summer comes early this year. What will happen to the air conditioner market? Graphing Ramen Noodles: College students face a rise in tuition causing the demand for ramen noodles to go up. Graphing Gas: Lines at gas stations are long because of unrest in the Middle East.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Look at the case, would that cause a change in QD or a change in demand ? Would it cause it to go up or down?
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