The following graph shows the market demand for ice cream. Suppose that the price of cake, a complementary good for ice cream, Increases Show the impact of the increase in the price of cake by shifting the demand curve on the following graph PRICED per bemand QUANTITY (Otons of ice cream) 10 Demand
The following graph shows the market demand for ice cream. Suppose that the price of cake, a complementary good for ice cream, Increases Show the impact of the increase in the price of cake by shifting the demand curve on the following graph PRICED per bemand QUANTITY (Otons of ice cream) 10 Demand
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Need help with this.
Please show explanation and where to move the lines. Or if you could draw them, it will help much !

Transcribed Image Text:The following graph shows the market demand for ice cream. Suppose that the price of cake, a complementary good for ice cream, increases.
Show the impact of the increase in the price of cake by shifting the demand curve on the following graph.
PRICE (Dollars per gallon)
Demand
QUANTITY (Gallons of ice cream)
Demand
?
The following graph shows the current market demand for coffee. Suppose that people expect the price of coffee to rise in the near future.
Show the impact of the expected future increase in coffee prices on the current demand for coffee by shifting the demand curve on the
following graph.
PRICE (Dollars per pound)
Demand
QUANTITY (Pounds of coffee)
Demand
(?)

Transcribed Image Text: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 potted meat, which is an inferior good. 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 can)
Demand
QUANTITY (Cans of potted meat)
Demand
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The following question that I posted is considered as a one question. Problem is that its long and that's why I split it into two different ScreenShots so you can see the graphs easily.
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