Graph the following statements using demand curves only, show whether there is a change in demand (shift in demand) or quantity demanded (movement along demand curve) or no change on your graph.
a) Everyone from New York moves to San Francisco, show the effect on "HOUSING DEMAND" in San Francisco.
b) Show the effect of a successful advertising campaign for "HONDA SPORT UTILITY VEHICLES."
c) Assume "TOP ROMIN" is an inferior good, suppose consumer increases, what is the effect on demand for "TOP ROMIN"
d) Consider the market for "LUCKY JEANS", show the effect of a price increase.
e) Lady Gaga never drinks beer except on New Year's Eve, and then it's always 1 can, no more, no less. Graph Lady Gaga's demand curve and determine the appropriate elasticity. (Hint: think about extreme cases)