In class we will be creating scenarios that relate to three different demand curves: movement along the curve, a shift in the curve and demand for a Veblen good. Your assignment is thus: on a large sheet of poster-paper, you are to write a brief description of a scenario (word problem) for each type of demand - then, for each scenario, you are to draw the design curve as your visual description.
Be sure to write legibly and descriptively. Also, be sure your graphs are easy to read and labeled all lines as fully and accurately as possible.
Questions????? Talk to your classmates and/or see me for help.
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