Illustrate the movement and shift in demand for the following cases using a demand curve. a. contraction of the demand for clothes from 2000 units to 1500 units because price changed from 2RO to 3RO. b. rightward shift in demand for new games because of the NEW Nintendo PS5.

Illustrate the movement and shift in demand for the following cases using a demand curve. a. contraction of the demand for clothes from 2000 units to 1500 units because price changed from 2RO to 3RO. b. rightward shift in demand for new games because of the NEW Nintendo PS5.

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

Illustrate the movement and shift in demand for the
following cases using a demand curve.
a. contraction of the demand for clothes from 2000 units to
1500 units because price changed from 2RO to 3RO.
b. rightward shift in demand for new games because of the
NEW Nintendo PS5.
Draw your answer using microsoft word and upload it as a
PDF file.

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