supply demand

39
Shifts of the Demand Curve Price = $3 Quantity = 6 lbs. Changes in Income

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Page 1: Supply Demand

Shifts of the Demand Curve

Price = $3

Quantity = 6 lbs.

Changes in Income

Page 2: Supply Demand

Shifts of the Demand Curve

What happens when income increases?

Page 3: Supply Demand

Shifts of the Demand Curve

What happens when income increases?

Page 4: Supply Demand

Shifts of the Demand Curve

What happens when income increases?

Page 5: Supply Demand

Shifts of the Demand Curve

What happens when income increases?

Page 6: Supply Demand

Shifts of the Demand Curve

What happens when income increases?

Page 7: Supply Demand

Shifts of the Demand Curve

What happens when income increases?

Page 8: Supply Demand

Shifts of the Demand Curve

What happens when income increases?

Page 9: Supply Demand

Shifts of the Demand Curve

What happens when income increases?

Page 10: Supply Demand

Shifts of the Demand Curve

What happens when income increases?

Page 11: Supply Demand

Shifts of the Demand Curve

What happens when income increases?

At the same price as before, we demand more coffee!

Page 12: Supply Demand

Shifts of the Demand Curve

Price = $3

Quantity = 10 lbs.

Now, let’s see what happens when the population shrinks.

Changes in Population

Page 13: Supply Demand

Shifts of the Demand Curve

Now, let’s see what happens when the population shrinks.

Changes in Population

Page 14: Supply Demand

Shifts of the Demand Curve

Now, let’s see what happens when the population shrinks.

Changes in Population

Page 15: Supply Demand

Shifts of the Demand Curve

Now, let’s see what happens when the population shrinks.

Changes in Population

Page 16: Supply Demand

Shifts of the Demand Curve

Now, let’s see what happens when the population shrinks.

Changes in Population

Page 17: Supply Demand

Shifts of the Demand Curve

Now, let’s see what happens when the population shrinks.

Changes in Population

Page 18: Supply Demand

Shifts of the Demand Curve

Now, let’s see what happens when the population shrinks.

Changes in Population

Page 19: Supply Demand

Shifts of the Demand Curve

Now, let’s see what happens when the population shrinks.

Changes in Population

Page 20: Supply Demand

Shifts of the Demand Curve

Now, let’s see what happens when the population shrinks.

Changes in Population

Page 21: Supply Demand

Shifts of the Demand Curve

The market demands less coffee at the same price!

Changes in Population

Page 22: Supply Demand

Shifts of the Demand Curve

Price = $3

Quantity = 6 lbs.

Now let’s see what happens when advertising increases

Changes in Advertising

Page 23: Supply Demand

Shifts of the Demand Curve

Now let’s see what happens when advertising increases

Changes in Advertising

Page 28: Supply Demand

Shifts of the Demand Curve

The market demands more coffee at the same price!

Changes in Advertising

Page 29: Supply Demand

Shifts of the Demand Curve

Now, what happens to the demand curve when the price of coffee increases?

Changes in Advertising

Page 30: Supply Demand

Shifts of the Demand Curve

Now, what happens to the demand curve when the price of coffee increases?

Changes in Advertising

Page 31: Supply Demand

Shifts of the Demand Curve

Now, what happens to the demand curve when the price of coffee increases?

Changes in Advertising

Page 32: Supply Demand

Shifts of the Demand Curve

Now, what happens to the demand curve when the price of coffee increases?

Changes in Advertising

Page 33: Supply Demand

Shifts of the Demand Curve

Now, what happens to the demand curve when the price of coffee increases?

Changes in Advertising

Page 34: Supply Demand

Shifts of the Demand Curve

Now, what happens to the demand curve when the price of coffee increases?

Changes in Advertising

Page 35: Supply Demand

Shifts of the Demand Curve

Now, what happens to the demand curve when the price of coffee increases?

Changes in Advertising

Page 36: Supply Demand

Shifts of the Demand Curve

Now, what happens to the demand curve when the price of coffee increases?

Changes in Advertising

Page 37: Supply Demand

Shifts of the Demand Curve

Now, what happens to the demand curve when the price of coffee increases?

Changes in Advertising

Page 38: Supply Demand

Shifts of the Demand Curve

Now, what happens to the demand curve when the price of coffee increases?

Changes in Advertising

Page 39: Supply Demand

Shifts of the Demand Curve

Nothing! Changes in price do NOT shift the demand curve

Changes in Advertising