Question: Assignment Directions: Download and complete the attached assignment and submit in a Word, PDF, or Adobe format. You may develop an Adobe Express Page or
Assignment Directions:Download and complete the attached assignment and submit in a Word, PDF, or Adobe format.
You may develop an Adobe Express Page or an Adobe Portfolio (extra credit)to collect and publicize all graphing work you are doing in this class.
Supply and Demand
Draw the Graphs - Part 1
1.
| a | What is the difference between a "change in demand" and a "change in quantity demanded?" Graph your answer. | |
| b. | For each of the following changes, determine whether there will be a change in quantity demanded or a change in demand. | |
| i. | a change in the price of a related good | |
| ii. | a change in tastes | |
| iii. | a change in the number of buyers | |
| iv. | a change in price | |
| v. | a change in consumer expectations | |
| vi. | a change in income |
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