Macroeconomics
Macroeconomics
10th Edition
ISBN: 9781319105990
Author: Mankiw, N. Gregory.
Publisher: Worth Publishers,
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Chapter 1, Problem 3PA
To determine

Market for ice cream.

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Match the Determinants with the appropriate change in the market for chocolate.
Suppose the Mayo publishes a study finding that the caffeine in coffee increases the probability of getting Alzheimer’s. How do you imagine this will affect the market for coffee? Which determinant of demand or supply is being affected? Show graphically with before and after curves on the same axes. How will this change affect the equilibrium price and quantity of coffee? Explain your reasoning.
Consider the market demand for donuts. Complete a table by indicating whether an event will cause a movement among the demand curve for donuts or a shift of the demand curve for donuts, holding all else constant. Event: A decrease in income of consumers (movement along or shift)  Event: A decrease in the number of consumers (movement along or shift) Event: A decrease in the price of donuts (movement along or shift)
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