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1. Demand for DECADOGS The price of hotdog buns increases sharply. Indicate what will happen to the demand for DECADOGS, a nationally-recognized brand of hotdog. D1 ECONOMICS WORKBOOK PAGE 45 OF 158 DEMIDEC © 2008 2. The price of iced tea decreases. Indicate what will happen to the demand for lemonade. Demand for Lemonade In April, the last of the snow at the local ski resort has melted. Indicate what has happened to the demand for snowboards. 3. Demand for Snowboards P D1 P.

1. Demand for DECADOGS The price of hotdog buns increases sharply. Indicate what will happen to the demand for DECADOGS, a nationally-recognized brand of hotdog. D1 ECONOMICS WORKBOOK PAGE 45 OF 158 DEMIDEC © 2008 2. The price of iced tea decreases. Indicate what will happen to the demand for lemonade. Demand for Lemonade In April, the last of the snow at the local ski resort has melted. Indicate what has happened to the demand for snowboards. 3. Demand for Snowboards P D1 P.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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8:27 A freewebs.com 2.10 APPLYING KEY CONCEPTS Mean curves. In each problem below, there is an explanation of something that has happened to one of the non-price factors that affects demand. The original demand curve, labeled “D1," has been drawn for you. Draw a new demand curve that reflects the change in demand. Label the new curve "D2." Change: Your Response: Ex.: Yet another popular new diet has everyone afraid to eat Demand for Bread carbs. Indicate what will happen to the demand curve for bread, which are carb-rich. P D1 1. The price of hotdog buns increases sharply. Indicate what will happen to the demand for DECADOGS, a nationally-recognized brand of hotdog. Demand for DECADOGS D1 ECONOMICS WORKBOOK PAGE 45 OF 158 DEMIDEC © 2008 The price of iced tea decreases. Indicate what will happen to the demand for lemonade. 2. Demand for Lemonade D1 In April, the last of the snow at the local ski resort has melted. Indicate what has happened to the demand for snowboards. 3. Demand for Snowboards A new president is elected, and his first order of business is to give an immediate tax break to anyone who earns $250,000 per year or more. Indicate what will happen to the demand for Porsches when the tax break goes through. 4. Demand for Porsches D1 The price of peanut butter decreases. Indicate what will happen to the demand for jelly. 5. Demand for Jelly D1 Q. Student loan checks are disbursed and college students suddenly have more "income." Indicate what will happen to the demand for macaroni-n'- cheese dinners. 6. Demand for Macaroni-n'-Cheese
Transcribed Image Text:8:27 A freewebs.com 2.10 APPLYING KEY CONCEPTS Mean curves. In each problem below, there is an explanation of something that has happened to one of the non-price factors that affects demand. The original demand curve, labeled “D1," has been drawn for you. Draw a new demand curve that reflects the change in demand. Label the new curve "D2." Change: Your Response: Ex.: Yet another popular new diet has everyone afraid to eat Demand for Bread carbs. Indicate what will happen to the demand curve for bread, which are carb-rich. P D1 1. The price of hotdog buns increases sharply. Indicate what will happen to the demand for DECADOGS, a nationally-recognized brand of hotdog. Demand for DECADOGS D1 ECONOMICS WORKBOOK PAGE 45 OF 158 DEMIDEC © 2008 The price of iced tea decreases. Indicate what will happen to the demand for lemonade. 2. Demand for Lemonade D1 In April, the last of the snow at the local ski resort has melted. Indicate what has happened to the demand for snowboards. 3. Demand for Snowboards A new president is elected, and his first order of business is to give an immediate tax break to anyone who earns $250,000 per year or more. Indicate what will happen to the demand for Porsches when the tax break goes through. 4. Demand for Porsches D1 The price of peanut butter decreases. Indicate what will happen to the demand for jelly. 5. Demand for Jelly D1 Q. Student loan checks are disbursed and college students suddenly have more "income." Indicate what will happen to the demand for macaroni-n'- cheese dinners. 6. Demand for Macaroni-n'-Cheese
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