Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 4 - Demand, Supply, and Market Equilibrium - Exercises - 4.4 Market Effects of Changes in Demand - Page 93: 4.4

Answer

$\uparrow$ $\downarrow$ $\uparrow$ $\uparrow$

Work Step by Step

When substitutes become more expensive, complementary items become more affordable, consumers have more to spend, or there are more consumers in the market, demand increases, shifting the demand curve to the right.
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