Demand
Graphing Headlines
A. Average Wages Decline for Workers Around the Country
• How will this information likely affect the demand curve for movie tickets? D
A. Average Wages Decline for Workers Around the Country
• How will this information likely affect the demand curve for movie tickets? D2 D1
negative shifter [ability]
income
B. 1970’s Styles Popular with High School and College Students
• How will this information likely affect the demand curve for CD’s of disco music? B. 1970’s Styles Popular with High School and College Students
• How will this information likely affect the demand curve for CD’s of disco music? D1
D2
positive shifter [willingness]
preferences change
C. Fast Food Chain Raises Prices on All Menu Items
• How will this information likely affect the demand curve for the most popular burger?
C. Fast Food Chain Raises Prices on All Menu Items
• How will this information likely affect the demand curve for the most popular burger?
D2
No Change in demand
D. Analysts Predict Video Game Prices to Increase Next Year
• How will this information likely affect the current demand curve for video games? D. Analysts Predict Video Game Prices to Increase Next Year
• How will this information likely affect the current demand curve for video games? D2
D1
positive shifter [willingness]
number of consumers
E. Gas Prices Increase 200% Since Last Year
• How will this information likely affect the demand curve for new SUVs?
E. Gas Prices Increase 200% Since Last Year $2 $6 per gal
• How will this information likely affect the demand curve for new SUVs?
D2
D1
negative shifter [willingness]
income change
F. Price for Fresh Blueberries Skyrockets – Cold Weather to Blame
• How will this information likely affect the demand curve for fresh strawberries? F. Price for Fresh Blueberries Skyrockets – Cold Weather to Blame
• How will this information likely affect the demand curve for fresh strawberries? D2
D1
positive shifter [willingness]
substitute goods
G. Hospitals Report Dramatic Decrease in Births
• How will this information likely affect the demand curve for baby strollers? G. Hospitals Report Dramatic Decrease in Births
• How will this information likely affect the demand curve for baby strollers? D2
D1
positive shifter [willingness]
number of consumers
H. Computer Maker Announces 20% Price Cut
• How will this information likely affect the demand curve for the company’s laptops? H. Computer Maker Announces 20% Price Cut
D1
No Change in demand
• How will this information likely affect the demand curve for the company’s laptops?