How the following shifts Demand. 1 You should note the specific shift factor a n

ID: 1215065 • Letter: H

Question

How the following shifts Demand. 1 You should note the specific shift factor and 2. if it is to the right or left

What is the Shift Factor ?

Shift to the left or right ?

1. Peanut Butter - Price of Jelly Decreases

2.Steak Market - Consumers income Increases

How the following shifts Supply. 1 You should note the specific shift factor and 2 if it is to the right or left

What is the Shift Factor ?

Shift to the left or right ?

3.Pizza Market - Walmart launches a new Pizza Resturant nationwide

4. Oil Market - New machine locates where Oil is located up to two miles deep.

Bologna Market - Recession

What is the Shift Factor ?

Shift to the left or right ?

1. Peanut Butter - Price of Jelly Decreases

2.Steak Market - Consumers income Increases

1) As butter and jelly are complement, decrease in price of jelly increases demand for jelly shifting AD curve of jelly to right

2) as consumer income increases, steak demand ibcreases,shifting AD curve right.

3) new pizza market restaurant increases supply, shifting AS curve to right

4) as technology improves, supply of oil increases

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