For each of the four scenarios below, explain which way the demand curve shifts and why.
Scenario 1: In the market for automobiles, a credible forecast is released which says that prices will fall in the near future.
Scenario 2: You are studying the market for jackfruits. A report is released which details the health benefits of eating jackfruits.
Scenario 3: You are studying the market for farmed salmon. You now get information that consumers have developed a strong preference for wild-caught salmon.

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The Answer of For each of the four scenarios below, explain which way the demand curve shifts and why.
Scenario 1: In the market for automobiles, a credible forecast is released which says that prices will fall in the near future.
Scenario 2: You are studying the market for jackfruits. A report is released which details the health benefits of eating jackfruits.
Scenario 3: You are studying the market for farmed salmon. You now get information that consumers have developed a strong preference for wild-caught salmon.

For Each of the Four Scenarios Below, Explain Which Way