movement along the curve or a shift in the demand curve? complete the table below by indicating whether each…

movement along the curve or a shift in the demand curve? complete the table below by indicating whether each scenario results in a change in the quantity demanded (movement along the demand curve) or a change in demand (shift in the demand curve). if there is a shift in the demand curve, indicate whether the curve shifts up or down.\n\n| scenario | movement or shift up or shift down? |\n|--|--|\n| 1. there is an outbreak of the flu and sales of latex gloves skyrocket. | |\n| 2. a nail salon cuts the price it charges for manicures and more clients come. | |\n| 3. a chain of department stores extends the hours that stores will remain open and total sales for the chain has increased. | |\n| 4. the us census bureau has announced that there is baby boom in the united states and sales of baby carriages have increased. | |\n| 5. john’s bicycle shop increases the prices of bicycles and sales decrease. | |\n| 6. the city of new york has cut the number of city employees by 10% and sales of big screen televisions falls. | |

movement along the curve or a shift in the demand curve? complete the table below by indicating whether each scenario results in a change in the quantity demanded (movement along the demand curve) or a change in demand (shift in the demand curve). if there is a shift in the demand curve, indicate whether the curve shifts up or down.\n\n| scenario | movement or shift up or shift down? |\n|--|--|\n| 1. there is an outbreak of the flu and sales of latex gloves skyrocket. | |\n| 2. a nail salon cuts the price it charges for manicures and more clients come. | |\n| 3. a chain of department stores extends the hours that stores will remain open and total sales for the chain has increased. | |\n| 4. the us census bureau has announced that there is baby boom in the united states and sales of baby carriages have increased. | |\n| 5. john’s bicycle shop increases the prices of bicycles and sales decrease. | |\n| 6. the city of new york has cut the number of city employees by 10% and sales of big screen televisions falls. | |

Answer

Brief Explanations:

  1. Flu outbreak is a non - price factor. It increases the desire for latex gloves at each price level, so demand curve shifts up.
  2. A change in the price of manicures leads to a change in the quantity demanded (movement along the demand curve) as it is a price - related change.
  3. Extended store hours is a non - price factor. It increases sales at each price level, so demand curve shifts up.
  4. Baby boom is a non - price factor. It increases the demand for baby carriages at each price level, so demand curve shifts up.
  5. An increase in the price of bicycles leads to a decrease in the quantity demanded (movement along the demand curve) as it is a price - related change.
  6. Reduction in city employees affects income levels (a non - price factor). Lower income reduces demand for big screen televisions at each price level, so demand curve shifts down.

Answer:

  1. Shift up
  2. Movement along the curve
  3. Shift up
  4. Shift up
  5. Movement along the curve
  6. Shift down