Answer to Question #148996 in Economics for othman

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

a new product appeared on the market - shawarma. It intercepted part of the buyers, as a result, the demand for pizza fell. Since these products are very similar.