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Class Notes - 9-17-07 - Quantity demanded will be greater...

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Macroeconomics – Class Notes - 9/17/07 Goto webpages – pick one that’s interesting – print a copy of the webpage – describe some of the links that are interesting Chapter 4, #3 3.) a.) Demand will shift to the right (increase in overall demand) b.) Supply will shift to the left (decrease in overall supply) c.) Supply will shift to the right (increase in overall supply)
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Unformatted text preview: * Quantity demanded will be greater as well. d.) The price of SUV’s (a substitute good) rises, so the overall demand will increase for minivans (a shift to the right). e.) Demand will shift to the left (an overall decrease in demand) • Quiz is mostly on chapter 4...
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