Question

The demand schedule for chicken feet, a dim sum delicacy served at some Chinese restaurants, is shown in the table. Although some people find the texture strange, others have developed a taste for it. Price of chicken Quantity of chicken feet demanded Quantity of chicken feet demanded feet (per pound) $3.00 $2.50 $1.25 $1.00 $0.50 (millions of pounds) in 2008 3.0 3.2 3.6 (millions of pounds) in 2018 9.2 9.9 10.3 12.2 15.0 5.7 How many more chicken feet were demanded in 2018, at a price of $2.50 a pound, than in 2008? Based on the demand schedule, you concl ude 9.2 million pounds the demand curve shifted to the right. 0 the demand curve shifted to the left. O there was movement along the demand curve to the left O there was movement along the demand curve to the right.

Answer 1

At price = $2.50, Quantity demanded is 2018 = 9.9 Quantity demanded in 2008 = 3.2 = 6.7 How many more chicken ..... 6.7 million pounds. Based on the demand schedule, you conclude. the demand curve shifted to the right. The curve will shift to the right because there is no change in the price but quantity demanded changed.