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?
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