For the class task 1, we had to show the shifts in the demand curve for
steak sold at Ali’s Steakhouse as residents surrounding his restaurant have
moved elsewhere.
Through the discussion, we had the same opinion that the demand curve
will shift to left. The reason was that, if the residents that live surrounding
his restaurant have moved to elsewhere, Ali’s customers will get less and less,
thus its demand curve of steak shifts to left.
In this task, I can identify the demand curve and the movement of the
curve more easily.
The video of class task:
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