1. Demand
Pineda
Economics

2. 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:
You are done!

3. 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.

4. 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.

5. Complementary Product 1
Type description here

6. Complementary Product 2
Type description here

7. Complementary Product 3
Type description here

8. 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

9. 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.

10. Substitute Product 1
Type description here

11. Substitute Product 2
Type description here

12. Substitute Product 3
Type description here

13. 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

14. 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

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

16. 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

17. 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

18. 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

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

20. 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

21. 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

22. 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

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

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

25. 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”

26. 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”

27. 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”

28. 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

29. 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

30. 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

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