Describe the probable shifts in the demand curves

Reference no: EM131403238

1. What variables other than price and advertising are likely to affect the quantity demanded of a product?

2. Describe the probable shifts in the demand curves for

a. Airplane trips when airlines' on-time performance improves

b. Automobiles when airplane fares increase

c. Automobiles when gasoline prices increase

d. Electricity when the average temperature in the United States rises during a particular year (Note: The demand curve for electricity in Maine and the demand curve for electricity in Florida should respond in different ways. Why?)

Reference no: EM131403238

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