Question

QUESTION 7 How will the following affect the individual demand curve for cigarettes: An expectation that the price of cigarettes will increase in the future. Right shift Left shift No effect 0.3 points

QUESTION 8 How will the following affect the individual demand curve for marijuana: A scientific report that marijuana causes anxiety, panic attacks, problems with memory and learning, and loss of coordination. Right shift Left shift No effect 0.3 points

QUESTION 9 How will the following affect the individual demand curve for red wine: A decrease in the price of red wine. Right shift Left shift No effect

QUESTION 10 How will the following affect the individual demand curve for cigarettes: An increase in the price of cigarettes. Right shift Left shift No effect

Answer 1

a) An expectation that the price of cigarettes will increase in the future will shift the demand curve to the right in the present time.

b) this will decrease the demand in the market and shift the demand curve to the left.

c) this will not have any effect on the demand curve of the red wine but that will only cause a movement along the red wine in the market.

d) an increase in the price of the cigarettes will not affect the demand curve in the market but that will only cause a movement along the demand curve.