Name Period Date Demand Practice Worksheet Exercise 1: Shifts in the Demand Curve. Demand Schedule for CDs Quantity Quantity In recent years, sales of music CDs have decreased as per Demanded Demanded many consumers have elected to download individual CD (D1) (D2) tracks of music directly into their playing devices. Of course, the cost to download a single track is less than 20 100 125 the cost of a CD. The demand for music CDs is shown in 19 200 250 the demand schedule as D1. 18 300 375 17 400 500 Imagine that as a result of pressure from the music 16 500 625 industry, music downloads are outlawed, and the only 15 600 750 way to purchase music is to buy a music CD. Demand for CDs increases and is now shown in the demand 14 700 875 schedule as D2. 13 800 1000 12 900 1125 11 1000 1250 Using the data presented above, graph the demand curves D1 and D2 in the chart below. 20 19 18 17 CD 16 per 15 14 Price 13 12 11 100 200 300 400 500 600 700 800 900 1000 1100 1200 1300
Name Period Date Demand Practice Worksheet Exercise 1: Shifts in the Demand Curve. In recent years, sales of music CDs have decreased as many consumers have elected to download individual tracks of music directly into their playing devices. Of course, the cost to download a single track is less than the cost of a CD. The demand for music CDs is shown in the demand schedule as D1. Imagine that as a result of pressure from the music industry, music downloads are outlawed, and the only way to purchase music is to buy a music CD. Demand for CDs increases and is now shown in the demand schedule as D2. Demand Schedule for CDs per CD Quantity Demanded (D1) Quantity Demanded (D2) 20 100 125 19 200 250 18 300 375 17 400 500 16 500 625 15 600 750 14 700 875 13 800 1000 12 900 1125 11 1000 1250 Using the data presented above, graph the demand curves D1 and D2 in the chart below. Price per CD 20 19 18 17 16 15 14 13 12 11 100 200 300 400 500 600 700 800 900 1000 1100 1200 1300