Individual Demand Exercise (Ex. 1.6) D, D, and D, represent three of Kramer's demand curves for pizza. Starting from point E, indicate which is the most likely movement in response to the specified change. Price of pizza in dollar P-5 P-3 B E H P=1 F 1 D. D. D. 1 2 3 Slices of pira per day 1) 2) 3) Useful information? Kramer considers pizza a normal good. Kramer considers pizza and hamburgers substitute goods. Kramer considers pizza and coke complement goods. Start each scenario at point E (on demand curve D, at a price level of $3.00 per slice of pizza) Scenarios /1 pizza). 1) 2) 3) 5) 6) 7) 8) 9) Scenarios Kramer's income increases: The price of a slice of pizza decreases to $1.00: The price of a can of coke increases to $1.00: The price of a slice of pizza increases to $5.00: Kramer's income decreases: The price of a hamburger declines to $2.00: The price of a coke decreases to $0.50: The price of a hamburger increases to $3.75: Kramer expects the price of pizza to increase tomorrow (assume he can store pizza in his freezer). Kramer expects the price of pizza to decrease tomorrow. 10) 45