Answered

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and ends at (12,5). Another downward sloping line starts at (6,30) and ends at (16,5)) Wallace is analyzing the American moped market for BMW. The main competition, Vespa, dropped their listing price by 20% recently. When creating a demand curve arrows are used to indicate the direction of the demand curve shift. Which is the correct direction the arrows should be drawn for the moped market and which line is the old demand and new demand curve

Sagot :

Martebi

The arrows need to be drawn pointing rightwards. The curve on the right tells about the new demand and the curve on the left tells about the old demand. \\

What is demand?

A demand curve is known to be a demand schedule that is said to be a table that depicts the quantity demanded of  goods at each prices.

Note that a demand curve is said to be a graph that tells the quantity demanded at all price and as such, The arrows need to be drawn pointing rightwards. The curve on the right tells about the new demand and the curve on the left tells about the old demand. \\

Learn more about demand  from

https://brainly.com/question/1245771

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