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Homework Help: 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:

    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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