| OHeadline | demand shift | If demand shifts inc or dec | Curve shift | New curve |
|---|---|---|---|---|
|
Price of beef to rise in June |
Y(people will buy more in current period) | Increase | Right | B |
|
Immigration |
Y(more demand) | Increase | Right | B |
|
Pork prices drop |
Y( substitute good) | DEC | LEFT | A |
|
Warning by SG |
Y(CGE age in tatste and preferences) | DEC | LEFT |
A |
|
BEEF PRICE FALL, CONSUMER BUY MORE |
Y | INC | RIGHT | B |
| REAL IMCOME FOR US DROPS | NO | |||
| CHARCOAL SHORTAGE | NO(no direct link with beef market) | |||
| THE DISCO BURGER | If the burger is made of beef. It will push up the demand. | Increase | Right | B |
Reasons for Changes in Demand Part A Read the eight newspaper headlines in Figure 102, and...