Question: Place all items for Part 3 on the same graph.  For each scenario below, state if there has been a change in quantity demanded or a change in demand for the item in question.  Starting by drawing a demand curve and then indicate using arrows and, if necessary, drawing a new curve to illustrate what happens.  Be sure to also write down in words what occurs with each scenario. . Note, a, b, c, and d will all be on one graph.

1. The price of sugar increase, will there be a change in quantity demanded or change in demand of baked goods?
2. The price of coffee rises. Will there be a change in quantity demanded or change in demand of tea?
3. The unemployment rate has increased to the highest in ten years. Will there be a change in quantity demanded or change in demand of new cell phones?
4. The price of iPhones decrease. Will there be a change in quantity demanded or change in demand of iPhones?
5. The cost of almonds increased. Will there be a change in quantity demanded or change in demand of almonds?

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