Question

For each question, first draw a demand curve, label it D1. This is the initial condition. Then, in response to the situation posed, show how (if it does) the demand curve shifts on the same chart. Label the new demand curve D2. You must properly label the axes to get all points possible. Each question is worth 2 points.

Answer 1

6. Winning five Grammy awards increases likeliness of winning sixth award which raises the demand of ticket for next concert. It causes rightward shift of demand curve.

Price of ticket D2 Quantity of ticket

7. When law of not using marijuana is prohibited then its demand increases in the economy which shifts demand curve rightwards.

Price of marijuana D2 Quantity of marijuana

8. Ban on smoking decreases demand of cigarettes which shifts demand curve leftwards.

Price of cigarette D1 Quantity of cigarettes

We can't answer all the questions at a time.