Uploaded by Jacob Newhouse

Determinats and elasticity of demand

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1. What will happen to the demand or quantity demanded for jelly if the price
of peanut butter increases?
2. What will happen to the demand or quantity demanded of Jello if the
income of the people who buy Jello goes down?
3. What will happen to the demand or quantity demanded for chicken if the
price of turkey increases?
4. Assume the price of cars increases. How does this affect the market for
cars?
5. Assume Spam is an inferior good. What will happen to the demand or
quantity demanded of Spam if the income of the people buying Spam
increases?
6. What will happen to the demand or quantity demanded for popcorn if the
price of movie tickets goes down?
7. What will happen to the market for Taylor Swift albums if Taylor Swift is involved
in a scandal?
8. What will happen to the market for fur coats if they are banned in the United
States?
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