Homework Answers
1 - Option D
D to D2
This is because due to decrease in price of coke , the demand for tacos will increase as it is a complement. Hence there will a rightward shift in demand curve of tacos.
There will not be movement in demand curve because the change is caused by other than price factor. D2 to D1 will represent the decrease in demand , hence only option D will be correct.
2 - Option A
Point A to C
As represented by the figure , after supply increase , new supply curve will be S2. After demand decrease , new demand curve will be D1. Hence their intersection will be point C.
The initial equlibrium was at point A. Hence the point will shift from A to C.
The other points given in the answer will not apply to the given condition in the question. Hence will be wrong
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