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@ﬁ’i aag/WW ' C/ Which of the following would not cause a change in the demand for apples?
a. a change in consumer income M A . a change in the price of pears
c. ‘ a change in the price of apples a change in the number of people shopping for fruit Practice Problems: fa. Suppose that pizza and beer are complements. Neatly draw and label
supply and demand graphs for each of these two markets in equilibrium.
Suppose the price of mozzarella cheese increases. Indicate on your graph
what happens in the market for pizza. Make sure you indicate if any curves
move, and what happens to equilibrium price and quantity. Now show what
effect, if any, this has in the market for beer. Again, make sure you indicate
if any curves move, and what happens to equilibrium price and quantity. P1 am
5,..__.——-——_ éy I? 15 ...
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- Fall '08