Solution-What will cause a demand curve to shift

What will cause a demand curve to shift

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To answer this you need to understand what will cause a demand curve to shift and what will simply be movement along the demand curve. A shift comes from things like an income change, change to price of substitute, change to price of complement. If all that changes to you is the price you pay then you just move along that demand line. Where you find yourself on your demand curve is based on how much you will pay, and is not necessarily the total cost.

For the following question, you must use a computer program to draw the graph (i.e. excel) and provide your answer. Then, you will save your work and upload the file using the "browse my computer" button.

Assume your demand curve is P=60-5Q. Now draw the demand curve when you have an insurance policy that pays for 100% of all medical costs. How much will you demand if the doctor charges $50?

Reference no: EM132479797

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What will cause a demand curve to shift : To answer this you need to understand what will cause a demand curve to shift and what will simply be movement along the demand curve.

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What will cause a demand curve to shift

Reference no: EM132479797

Reference no: EM132479797

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