Facotrs Affecting The Demand Curve Flashcards
1
Q
Population increase
A
Increase in demand
2
Q
Income
A
Consumer is able to afford more goods therefore the demand will increase
3
Q
Complementary goods
A
Complementary goods
So more pencils equals an increase in a demand for more sharpeners
4
Q
Substitute goods
A
Expensive coke therefore increase in demand for Pepsi
5
Q
Changing price / availability for completely good
A
Increase in price for Tv will lead to a decrease in price for the complemtry good (remote )
6
Q
Expectations about the future
A
Future price changes
7
Q
Price movements
A
Affect the demand curve
8
Q
Taste and preferences
A
Trends and things may change
