Asked by allie
Can you please exlain to me if I'm wrong not just correct me.
ps. Ceteris paribusor
the following markets, show whether change causes a shift in supply curve, a shift in demand curve, a movement along the supply curve, and/or a movement along the demand curve.
a.housing market: Consumers’ income fall. *shift in demand curve
b.tea market: the price of sugar goes down.*shift in demand curve
c. coffee market: there is a freeze in Brazil that severely damages the coffee crop.*shift in supply curve
d. fast food market: the number of fast-food restaurants in an area decreases.*shift in demand curve
e.peanut market in the U.S. Southeast: A drought lowers supply.* shift in supply curve
ps. Ceteris paribusor
the following markets, show whether change causes a shift in supply curve, a shift in demand curve, a movement along the supply curve, and/or a movement along the demand curve.
a.housing market: Consumers’ income fall. *shift in demand curve
b.tea market: the price of sugar goes down.*shift in demand curve
c. coffee market: there is a freeze in Brazil that severely damages the coffee crop.*shift in supply curve
d. fast food market: the number of fast-food restaurants in an area decreases.*shift in demand curve
e.peanut market in the U.S. Southeast: A drought lowers supply.* shift in supply curve
Answers
Answered by
Jennifer
Looks right to me!
Answer
Look again at d. Why would that shift demand? If there are fewer restaurants, then fewer burgers supplied. People still want their burgers
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