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For each of the examples below, identify whether there will be a movement along the demand or supply line (contraction or
extension)or a shift in the demand or supply line and whether the shift is to the left or right. Last one; your own challenge example!
Example (product in brackets!) Demand or Supply
1. Due to the spread of avian
flu, KFC has had to buy
more expensive flu-free
chicken. (KFC Chicken)
2. It is summer time and
everyone wants ice-cream
(ice-cream)
3. Premier Rutte has cut
income taxes. (all
products)
4. The WHO has found a link
between meat
consumption and cancer.
(meat)
5. Ana notices that the price
of bread has fallen. (bread)
6. Protest notices that
teenagers like OBEY
hoodies more. (Protest
hoodies)
7. Consumers are willing to
pay a higher price for
vegetables and you are a
farmer. (vegetables)
8.
Movement along
(contraction/extension)
Shift of the curve
(left or right?)