Answer to Question #237372 in Microeconomics for JUAN

Question

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

Answer 1

When the price of substitutes reduces, this will make the demand for pizza to reduce. People will prefer on saving some amount of money by purchasing substitute products.

Change in price of pizza will shift the demand since any increase in price will lower the demand of the product.