Thursday, October 2, 2014

HW: Demand Curve Graphing Pratice

Attempt to graph each of the following scenarios without notes or assistance.  Be sure to label the axes, demand curves, and the direction of the change.




1.  Illustrate the demand curve for Ford trucks.  Assume the price Chevy trucks, a substitute, falls.


2.  Illustrate the demand curve for shirts.  Assume the price of Ties, a complement, falls.


3.  Illustrate the demand curve for watches.  Assume the stock market booms and consumers experience increases in wealth.


4.  Illustrate the demand curve for heating oil.  Experts predict a warm winter and record low heating oil prices this winter.

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