Indicate how you think each of the following would shift demand in the indicated market:

a.Incomes of buyers in the market for Adirondack vacations increase.

b.Buyers in the market for pizza read a study linking hamburgers consumptions to heart disease.

c.Buyers in the market for CDs learn of an increase in the price of audiocassettes (a substitute for CDs).

d.Buyers in the market for CDs learn of an increase in the price of CDs

Take a shot. What do you think?

a. If incomes of buyers in the market for Adirondack vacations increase, this would shift the demand for Adirondack vacations to the right. As buyers have more disposable income, they would be willing and able to spend more on vacations, including Adirondack vacations.

b. If buyers in the market for pizza read a study linking hamburger consumption to heart disease, this would shift the demand for pizza to the left. As buyers become more health-conscious, they may decrease their consumption of unhealthy food options like pizza, leading to a decrease in demand.

c. If buyers in the market for CDs learn of an increase in the price of audiocassettes, which are a substitute for CDs, this would shift the demand for CDs to the right. When the price of audiocassettes increases, buyers may opt for CDs as a cheaper alternative. This would increase the demand for CDs.

d. If buyers in the market for CDs learn of an increase in the price of CDs, this would shift the demand for CDs to the left. When the price of CDs increases, buyers may be less willing to purchase them or may seek out alternative sources for music, such as streaming services or digital downloads. This would decrease the demand for CDs.