Part 3: Graphing the Shift For each situation below, draw a simple demand curve diagram. Label the axes (Price and Quantity Demanded). Then, draw a new demand curve to illustrate the shift that occurs. Indicate the original demand curve as D 1 and the new demand curve as D_2. 1. Situation: The price of smartphones decreases, leading to an increase in the demand for smartphone cases. (Draw your graph here) 2. Situation: A new diet trend discourages the consumption of sugary drinks, causing a decline in their demand. (Draw your graph here)
Answer (1)
Answer:Situation 1: Increase in Demand for Smartphone Cases Graph:- *Original Demand Curve (D1)*: Draw a downward-sloping demand curve labeled D1.- *New Demand Curve (D2)*: Draw a new demand curve to the right of D1, labeled D2, indicating an increase in demand.Axes:- *Vertical Axis (Price)*: Label the vertical axis as "Price" and mark the price levels.- *Horizontal Axis (Quantity Demanded)*: Label the horizontal axis as "Quantity Demanded" and mark the quantity levels.Shift:- The demand curve shifts to the right from D1 to D2, indicating an increase in demand for smartphone cases due to the decrease in price of smartphones.Situation 2: Decrease in Demand for Sugary DrinksGraph:- *Original Demand Curve (D1)*: Draw a downward-sloping demand curve labeled D1.- *New Demand Curve (D2)*: Draw a new demand curve to the left of D1, labeled D2, indicating a decrease in demand.Axes:- *Vertical Axis (Price)*: Label the vertical axis as "Price" and mark the price levels.- *Horizontal Axis (Quantity Demanded)*: Label the horizontal axis as "Quantity Demanded" and mark the quantity levels. Shift:- The demand curve shifts to the left from D1 to D2, indicating a decrease in demand for sugary drinks due to the new diet trend.
