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Microeconomics help!(4-11)

  1. Oct 8, 2011 #1
    1. The problem statement, all variables and given/known data

    Refer to the above graph, which shows the market for chicken where D1 and D2 represent different demand curves. A change from E1 to E2 is most likely to result from:
    Answer


    a)a decrease in consumer incomes.


    b)an increase in the wages of chicken workers.


    c)an increase in the price of beef products.


    d)improved technology in the chicken industry.



    3. The attempt at a solution


    the graph is in the attachment.

    I'm not sure what this would be but I guess it couldnt be c since on the graph it shows that the price is lowered.
     

    Attached Files:

  2. jcsd
  3. Oct 8, 2011 #2
    Shifts in the demand curve come from all things that aren't the price of chicken.

    Which of those four things would decrease consumer demand of chicken?
     
  4. Oct 8, 2011 #3
    so it would be a decrease in consumer incomes.
     
  5. Oct 9, 2011 #4
    That would be my guess.
     
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