Answer to Question #145450 in Microeconomics for Nary

Question

Make up an example of a monthly demand schedule for pizza and graph the implied demand curve. Give an example of something that will shift the demand curve and briefly explain your reasoning. Would a change in the price of pizza shift the demand curve

Answer 1

New product appears on the market. It is a shawarma. This product is very similar on pizza and like a new product attract more attention. As a result, pizza losing consumers.

No, demand curve will not change. The supply curve will change if price changes.