Shifts In Demand Curve

Demand Curve Shift Supply Constant

Increase in Income (and the good ▼

Consumers spend more of their higher incom ▼

Demand curve shifts rightwar ▼ Price

↑

Price

10 9.5 9 8.5 8 7.5 7 6.5 6 5.5 5 4.5 4 3.5 3 2.5 2 1.5 1 0

10

20

30

40

50

60

70

80

d Curve Shifts

ly Constant

(and the good is normal) ▼

f their higher income on the good. ▼

rve shifts rightward. ▼ Quantity

↑ Demand Supply Shifted Demand

70

80

90

100

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and Curve template.

e everything except the selected event is held constant.

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29325f1f-ee96-4306-9c8b-12de2e90eb56

Arrows ↓ ↑ ─ Shift to R Shift Increment 40 Supply Constant Table No Event … 0 Increase in the Price of a Substitute Consumers Good buy less of the substitute 40 good and more of this g Increase in the Price of a Complementary ConsumersGood buy less of the complementary -40 good and less of Increase in Income (and the good Consumers is normal) spend more of their higher 40income on the good. Increase in Income (and the good Consumers is inferior) spend less of their higher -40 income on the good. Increase in the Taste for the Good Consumers are willing to buy a larger40 quantity of the good at Increase in Population Additional consumers result in a greater 40 quantity demanded Increase in the Expected Price of Consumers the Good buy in the more Future of the good today 40 to avoid the higher p CHART DATA Price

Demand 1 2 3 4 5 6 7 8 9 10

Shifted Supply 135 175 55 125 165 65 115 155 75 105 145 85 95 135 95 85 125 105 75 115 115 65 105 125 55 95 135 45 85 145

First Intersection 95

5

115

7

80 50

10 10

80 75

10 10.5

80 75

10 9.5

Second Intersection Shift Line

Arrow part 1

Arrow part 2

Increment first 45 10 10 10 10 10 10 10 10 10

second 0 0 0 0 0 0 0 0 5 0 0 0 0 7 0 0 0 0 0 0

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