Demand Pineda Economics

Directions Save this PowerPoint to the Downloads folder Upload this PowerPoint to your Google Drive Rename PPT “Per#_FirstName_LastName_Demand” One partner share this PPT with the other As you read through it TOGETHER, fill in the requested information in the PPT Share your PPT with me when BOTH of you are complete: wep8705@gmail.com You are done!

The Market for the iPad The Ipad originated in 2010 and has consistently been the leader in the market for tablets. This PPT will be based on the market for Ipads.

Part 1: Complementary Products Find 3 products, such as the ones below, that would be considered complements to the Ipad. Find and paste pictures on the next 3 slides and type a description of how these products are complementary to the IPad.

Complementary Product 1 Type description here

Complementary Product 2 Type description here

Complementary Product 3 Type description here

Complimentary Products Answer the following: Compliments to the iPad will most likely experience an ______________in demand because of the popularity of the iPad. Show how a change in demand for the iPad would shift the curve below Move curve and arrow in the direction of the shift. Price D1 D2 Quantity of Compliments

Part 2: Substitute Products Find 3 products that would be considered substitutes to the Ipad. Paste their pictures on the next 3 slides and type a description of how these products are substitutes to the IPad.

Substitute Product 1 Type description here

Substitute Product 2 Type description here

Substitute Product 3 Type description here

Substitute Products Answer the following: Substitutes are likely to cause a ______________in demand for iPad. Show how the change in demand would shift the curve below Move curve and arrow in the direction of the shift. You might need to review your work from “Law of Supply and Demand” Price D1 D2 Quantity of IPads

Part 3: Determinants of Demand Find pictures online to describe the following scenarios Show the result of the scenario by shifting the curve in the correct direction. Consumer Income Price of Related Products Consumer Tastes Consumer Expectations Population

Consumer Income Scenario: US consumers experience an increase in general levels of income. Price Place Picture Here D2 D1 Quantity of Consumer Goods

Consumer Income Scenario: A recession causes US consumers to experience a decrease in general levels of income. Price Place Picture Here D2 D1 Quantity of Consumer Goods

Price of Related Products Scenario: Gatorade raises their prices. People begin buying Powerade. Show the demand curve for Powerade Price Place Picture Here D2 D1 Quantity of Consumer Goods

Price of Related Products Scenario: Pepsi lowers their prices. People stop buying Coke. Show the demand curve for Coke. Price Place Picture Here D2 D1 Quantity of Consumer Goods

Consumer Tastes Scenario: People find out that Oranges have health benefits that fight cancer. Price Place Picture Here D2 D1 Quantity of Consumer Goods

Consumer Tastes Scenario: A successful advertising campaign attracts many consumers to the tablets. Desktop PC’s become less popular. Price Place Picture Here D2 D1 Quantity of Consumer Goods

Consumer Expectations Scenario: Ford announces a brand new model of the F150. Show the curve for consumption of the old F150. Price Place Picture Here D2 D1 Quantity of Consumer Goods

Consumer Expectations Scenario: Consumer’s expect the price of meat to rise in the next 6 months. Show the demand curve for meat today. Price Place Picture Here D2 D1 Quantity of Consumer Goods

Population Scenario: Apple’s Ipad received approval to be sold in China. Price Place Picture Here D2 D1 Quantity of Consumer Goods

Population Scenario: Glynn County experiences a decrease in population. Price Place Picture Here D2 D1 Quantity of Consumer Goods

Consumer Income Imagine that your income just increased. Find a good that you would buy more of (normal good) and a good that you would buy less of (inferior good). Place Picture of Normal Good Here Place Picture of Inferior Good Here Type description here of what makes these goods “normal” or “inferior”

Price of Related Goods List a product that you own and a complement to that product below. Place Picture of Product Here Place Picture of Compliment Here Type description here of what makes these goods “compliments”

Price of Related Goods List a product that you own and a substitute to that product below. Place Picture of Product Here Place Picture of Substitute Here Type description here of what makes these goods “substitutes”

Consumer Tastes List a product that you owned in your past that you would no longer purchase. Then list a product that you either want or have and is popular today. Place Picture of Past Product Here Place Picture of Popular Product Here Type description here of what made your taste for that product change

Consumer Expectations List a product that you owned in your past. Then list a picture of an update/innovation to that product. Place Picture of Past Product Here Place Picture of Innovative Product Here Type description here of how the product became innovative and why you would no longer have the demand for the original product

Population List a scenario where the number of buyers increased and caused the demand for other products to go up as a result. Place Picture of Increase in Population Here Place Picture of Products that Will Experience and Increase in Demand Here Type description here of why population increases caused the demand for goods and services to change

List the members of your group here: 1. 2. Place a picture of the two of you here! Say cheese  !!!