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Consider the market demand for donuts
Consider the market demand for donuts.
Complete the following table by indicating whether an event will cause a movement along the demand curve for donuts or shift of the demand curve for donuts, holding all else constant.
| Event | Movement Along | Shift |
|---|---|---|
| An increase in income of consumers | ||
| An increase in the price of coffee a complement for donuts | ||
| An increase in the price of donuts |
Expert Solution
| Event | Movement Along | Shift |
|---|---|---|
| An increase in income of consumers | Shift to the right | |
| An increase in the price of coffee a complement for donuts | Shift to the left | |
| An increase in the price of donuts | Upward movement along the demand curve |
Factors that could lead to a shift in the demand curve
- Change in consumer income
- Change in price of a substitute good
- Change in price of a complement good decreased.
Factors that could lead to movement the demand curve
- Change in price
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