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In the following cases, explain what happens to demand or quantity demanded and how the change would be shown on a graph of the demand schedule.
I. Assuming that tickets to an NFL game are normal goods, what is the effect of an increase in the incomes of NFL fans?
II. Assuming that Direct TV and Dish satellite are substitutes, what happens if the price of a Direct TV subscription increases?
III. Assuming that data plans and cell phones are complements, what happens if the price of data plans decreases?
Long-day Plant
Plants that flower only after being exposed to light periods longer than a certain critical length.
Sunflower
A large plant belonging to the daisy family, known for its large flowering heads and edible seeds.
Shade Avoidance
A growth response of plants to reduce shading by neighboring plants, often resulting in elongation of stems and leaves to reach light.
Far-red Light
A spectrum of light at wavelengths longer than that of red light, between 700 and 800nm, crucial for plant physiological processes.
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