- II. Change in Demand A. Introduction-What is a change in demand? __ B. __ C. Consumer Tastes-What factors can affect consumer tastes? __ if the price D. __ E. Complements-How does an increase in a product's price affect demand for the product's complement? __ F. Change in Expectations 1. What happens to the demand for a product if consumers think that a future product will be better? __ 2. What happens to the demand for a product if consumers think there will be a shortage in the future? __ G. Number of Consumers 1. What happens to the market demand curve if there is an increase in the number of consumers? __ 2. What happens to market demand whenever anyone leaves the market? __
- 28. Agrbusiness is one large corporation that makes money by- farming all of the above E processing food E selling food E Clear All
- 1. Change in the Quentity Demanded A. introduction-What causes the movement along the demand curve that shows a change in the quantity of the product purchased? __ B. The income Effect 1. What happens when prices drop? __ 2. How can an increase in price affect demand? __ C. The Sybsthution Effect-What do consumers tend to do when smilar products are available and one is more costly than the other? __ II. Change in Demand A. Introduction-What is a change in cemand? __
- Tara is looking for a new winter coat and has found one in her price range that she really likes However, she is unfamilier with the brand and is unsure how long the coat will last. Which of the following factors might help Tara find the information she's looking for? Customer reviews The brand's return policy Current sales and discounts that the company is Whether or not the company accepts her cre
- Automobile industry:public or private good? public private
