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Demand Change in Quantity Demanded Or Change in Demand???

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Presentation on theme: "Demand Change in Quantity Demanded Or Change in Demand???"— Presentation transcript:

1 Demand Change in Quantity Demanded Or Change in Demand???

2 Ex: You have just won the lottery! Change in Demand or Quantity Demanded: Change in Demand Shifts to left or right or movement on the curve? Shifts to the Right Determinant of Demand: Increase in income

3 The season changes from spring to summer. Change in Demand or Quantity Demanded: Shifts to left or right or movement on the curve? Determinant of Demand: Umbrellas

4 The price of coffee increases. Change in Demand or Quantity Demanded: Shifts to left or right or movement on the curve? Determinant of Demand: Tea

5 The price of gasoline decreases. Change in Demand or Quantity Demanded: Shifts to left or right or movement on the curve? Determinant of Demand: Gasoline

6 The price of detergent increases. Change in Demand or Quantity Demanded: Shifts to left or right or movement on the curve? Determinant of Demand:

7 The birth rate doubles. Change in Demand or Quantity Demanded: Shifts to left or right or movement on the curve? Determinant of Demand: Diapers

8 The price of peanut butter increases. Change in Demand or Quantity Demanded: Shifts to left or right or movement on the curve? Determinant of Demand: Grape Jelly

9 Baby boomers start to retire. Change in Demand or Quantity Demanded: Shifts to left or right or movement on the curve? Determinant of Demand: Cruises

10 Scientists determine fertilizers and pesticides cause health problems. Change in Demand or Quantity Demanded: Shifts to left or right or movement on the curve? Determinant of Demand: Lettuce

11 Government study shows many defects in new tires. Change in Demand or Quantity Demanded: Shifts to left or right or movement on the curve? Determinant of Demand: Tires

12 College entrance exams require higher reading comprehension scores. Change in Demand or Quantity Demanded: Shifts to left or right or movement on the curve? Determinant of Demand: Books

13 Frost kills Florida orange crop. Change in Demand or Quantity Demanded: Shifts to left or right or movement on the curve? Determinant of Demand: Orange Juice

14 New subdivision built near Majestic Theaters Change in Demand or Quantity Demanded: Shifts to left or right or movement on the curve? Determinant of Demand: Movie tickets

15 Scientists prove milk improves your life span. Change in Demand or Quantity Demanded: Shifts to left or right or movement on the curve? Determinant of Demand: Milk


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