Tick the correct cause of the shift in demand, then draweither an inward shift or an outward shift1) The demand for cots after a baby boom 6 months earlierPPopulation changesIncomeIDi neRelated goodsAdvertising and publicityTastesROrD t o nudeOs letenATEExpectations of future pricechangesIS Seasonal factors2) The demand for a t-shirt after a famous celebrity was seen wearing it on TVPPopulation changesIncomeRelated goodsAdvertising and publicityTastesExpectations of future priceIRD eti hOrteD tot n edargATEchangesIS Seasonal factors3) The demand for cars if minimum wage decreasedPPopulation changesIncomeIIRIARelated goodsAdvertising and publicityTastesExpectations of future priceDA tingDt le ndOs letonITEchangesSeasonal factors4) The demand for X-box games if the price of the x-box console decreasedPPopulation changesIncomeIRelated goodsAdvertising and publicityTastesR| ATEExpectations of future pricechangesSSeasonal factors5) The demand for ice-creams if the weather suddenly went coldPopulation changesIncomePIRelated goodsAdvertising and publicityR| ATTastesEExpectations of future pricechangesSSeasonal factors 6) The demand for petrol if tax increases on petrol the following week were predicted torisePPopulation changesDi eneOR Reltelod rireandIIncomeRelated goodsAdvertising and publicityTastesDA Adveriing and pdlyRDf teti eftan phegeOs seonal atnAEExpectations of future pricechangesSSeasonal factors7) The demand for sun loungers after the summerPPopulation changesDI oneIncomeOR eltedgoodonlentnditteCA Metingn yOt tutnOf tention changenOs Sen tutonRelated goodsAdvertising and publicityTastesRАTEExpectations of future pricechangesSSeasonal factorsOIRae I

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Tick the correct cause of the shift in demand, then draw either an inward shift or an outward shift 1) The demand for cots after a baby boom 6 months earlier P Population changes Income IR IA Related goods Advertising and publicity Tastes CA Mg N Di t n T E Expectations of future price changes S Seasonal factors 2) The demand for a t-shirt after a famous celebrity was seen wearing it on TV P Population changes Income IR IA Related goods Advertising and publicity Matingp т Tastes E Expectations of future price changes S Seasonal factors 3) The demand for cars if minimum wage decreased Population changes Income Related goods Advertising and publicity Tastes P R De t n A IT E changes т Expectations of future price Seasonal factors 4) The demand for X-box games if the price of the x-box console decreased Population changes Income Related goods Advertising and publicity Tastes P I R A T E Expectations of future price changes S Seasonal factors 5) The demand for ice-creams if the weather suddenly went cold Population changes P I Income IR IA Related goods Advertising and publicity Tastes E Expectations of future price changes S Seasonal factors

Tick the correct cause of the shift in demand, then draw either an inward shift or an outward shift 1) The demand for cots after a baby boom 6 months earlier P Population changes Income IR IA Related goods Advertising and publicity Tastes CA Mg N Di t n T E Expectations of future price changes S Seasonal factors 2) The demand for a t-shirt after a famous celebrity was seen wearing it on TV P Population changes Income IR IA Related goods Advertising and publicity Matingp т Tastes E Expectations of future price changes S Seasonal factors 3) The demand for cars if minimum wage decreased Population changes Income Related goods Advertising and publicity Tastes P R De t n A IT E changes т Expectations of future price Seasonal factors 4) The demand for X-box games if the price of the x-box console decreased Population changes Income Related goods Advertising and publicity Tastes P I R A T E Expectations of future price changes S Seasonal factors 5) The demand for ice-creams if the weather suddenly went cold Population changes P I Income IR IA Related goods Advertising and publicity Tastes E Expectations of future price changes S Seasonal factors

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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