Business, 02.11.2020 20:40 teresaswinger
Read each scenario and (1) determine if the event will increase or decrease demand. Then
(2) graph the shift in demand and (3) indicate what will happen to both price and quantity.
Also, (4) identify the reason for the shift (ex: Income, Consumer Expectations, Consumer
Taste and Advertising, Population, or Price of Related Goods).
1. Maria opens up a sandwich shop at the corner of 67th and Baseline. Two hours later the
Phoenix Coyotes build a new hockey stadium across the street.
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Answers: 3
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Read each scenario and (1) determine if the event will increase or decrease demand. Then
(2) graph...
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