- Pls Help Me With This Econ Task Pls Option To The Last Blank Decrease Increase 1 (11.31 KiB) Viewed 36 times
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8. Shifts in supply or demand I The following graph shows the market for hot dogs in Dallas, where there are over 1,000 hot dog stands at any given moment. Suppose the price of soda increases. (Assume that people regard hot dogs and soda as complements.) Show the effect of this change on the market for hot dogs by shifting one or both of the curves on the following graph, holding all else constant. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther.
Supply Demand PRICE (Dollars per hot dog) Demand Supply QUANTITY (Hot dogs) Now suppose Congress passes a new tax that decreases the income of Dallas residents. If hot dogs are a normal good, this will cause the demand for hot dogs to