answer all questions

Reasons for Changes in Demand Part A Read the eight newspaper headlines in Figure 10.2, and use the table to record the impact, if any, of each event on the demand for beef, Use the first column to the right of the headline to show whether the event causes a change in demand. Use the next column to record whether the change is an increase ora decrease in demand. In the third column, decide whether the demand curve shifts left or right. Finally, write the letter for the new demand curve. Use Figure 10.1 to help you. Always start at curve B, and move only one curve at a time. One headline implies that the demand for beef does not change. Eg Figure 10.1 . Beef Consumption in May A B .C PRICE QUANTITY Eg Figure 10.2 Demand If Demand Curve Shifts New Headline Shift? (Y/N) Shifts, Inc/Dec? Left/Right? Curve 1. Price of Beef to Rise in June 2. Millions of Immigrants Swell U.S. Population 3. Pork Prices Drop 4. Surgeon General Warns That Eating Beef Is Hazardous to Health 5. Beef Prices Fall; Consumers Buy More 6. Real Income for U.S. Drops for Third Month 7. Charcoal Shortage Threatens Memorial Day Cookouts 8. Nationwide Fad: The Disco-Burger B Based on an activity from Master Curriculum Guide in Economics: Teaching Strategies for High School Econonics Courses (New York: National Council on Economic Education, 1985), p. 68. Advanced Placement Economics Microeconomics; Student Activities @ National Council on Economic Education, New York, N.Y. 57