1 / 4

Chapter 3

Chapter 3. Change in Demand. Change in overall Demand – Demand changes due to factor other than price Demand curve shifts left – Demand decreases. Demand curve shifts right – Demand increases. Visuals - Copy the graphs on page 57. Factors that Shift the Demand Curve.

alexisg
Télécharger la présentation

Chapter 3

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Chapter 3 Change in Demand

  2. Change in overall Demand – Demand changes due to factor other than price • Demand curve shifts left – Demand decreases. • Demand curve shifts right – Demand increases. • Visuals - Copy the graphs on page 57.

  3. Factors that Shift the Demand Curve • Change in Income – Income goes up, demand increases. Income goes down, demand decreases. • Change in Taste – Items become more or less popular • Change in market size – more or less people are included in the potential market for the product/service.

  4. Factors that Shift the Demand Curve • Consumer Expectations – If people are unsure of their job security, they reduce spending. If consumers are confident of their job security, they spend more. • Change in price of other goods • Substitute goods – Goods that can replace other goods. • Complementary goods – Goods that go together.

More Related