ECON 545(DEVRY) help A Clearer path to student success/uophelp.com ECON 545(DEVRY) help A Clearer path to student suc | Page 10

Suppose the price of memberships at local golf courses increases.
Use the line drawing tool to show how this affects the demand for
ping golf clubs by drawing a new demand curve. Assume
memberships at local golf courses and ping golf clubs are
complements. Properly label this line.
Instead, suppose the price of tennins rackets decreases. If tennis
rackets and goal substitutes, then the demand for ping golf clubs
will ………..
2. State whether each of the following events will result in a
movement along the demand curve for McDonald’s Big Mac
hamburgers or whether it will cause the curve to shift
a. The price of Burger King’s Whopper hamburgers declines. This
will cause
b. McDonald’s eliminates $1.00 off coupons. This will cause
c-d) KFC raises the price of a bucket of fried chicken. This will
e) The U.S economy enters a period of decline in incomes. This
will cause
3. Imagine that the table on the right shows the quantity demanded of
UCG boots at fine different prices in 2014 and in 2015.
Which of the following variables could cause the demand for
UCG boots to change as indicated from 2014 to 2015?
4. Imagine that the curves shown in the accompanying figure
represent two demand curves for traditional wings (basket of six)
at Buffalo Wild Wings.
The movement from point A to B on Dl is caused by