Read each scenario and (1) determine if the event will increase or decrease demand. Then (2) graph the shift in demand and (3) indicate what will happen to both price and quantity.
Also, (4) identify the reason for the shift (ex: Income, Consumer Expectations, Consumer
Taste and Advertising, Population, or Price of Related Goods).
1. Maria opens up a sandwich shop at the corner of 67th and Baseline. Two hours later the
Phoenix Coyotes build a new hockey stadium across the street.
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If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.