and the price of a complement good (for example, hamburger buns) increases, can you tell for sure what

will happen to the demand for hamburgers? Why or why not? Illustrate your answer with a graph.

40. How do you suppose the demographics of an aging population of “Baby Boomers” in the United States will

affect the demand for milk? Justify your answer.

41. We know that a change in the price of a product causes a movement along the demand curve. Suppose

consumers believe that prices will be rising in the future. How will that affect demand for the product in

the present? Can you show this graphically?

42. Suppose there is a soda tax to curb obesity. What should a reduction in the soda tax do to the supply of

sodas and to the equilibrium price and quantity? Can you show this graphically? Hint: Assume that the

soda tax is collected from the sellers.

43. Use the four-step process to analyze the impact of the advent of the iPod (or other portable digital music
{"batch_upload": true, "source": "downloads\\business\\economics\\Microeconomics3e.pdf", "moddate": "2022-12-07T14:23:05-06:00", "file_size_mb": 26.99, "title": "Principles of Microeconomics 3e", "file_hash": "830b81f41611ac67a490444dbb5d6aed292224606965b06965b914443c93331a", "source_file": "downloads\\business\\economics\\Microeconomics3e.pdf", "creator": "PDFMiner", "creationdate": "2022-12-07T14:15:44-06:00", "producer": "Prince 14.2 (www.princexml.com)", "file_name": "Microeconomics3e.pdf", "upload_timestamp": "2026-02-07T15:24:38.309401", "uploaded_via": "batch_uploader", "file_type": ".pdf", "total_pages": 597}