Reasons For A Shift Flashcards
1
Q
Annie
A
Advertising or Branding
2
Q
Severs
A
Seasonal Changes
Eg an ice cream in winter will be £1, whereas in summer it will be higher.
3
Q
Sees
A
Price of substitutes
Eg if Microsoft increased the price of an Xbox then at the given price of the demand for the PS4 will increase.
4
Q
Children
A
Price of complements
Eg if the price of an Xbox console goes down then the demand will go up. Because there are more Xbox owners, it means that more people will be buying complements at a given price.
5
Q
Quietly
A
Quality
At a given price, of quality falls then demand will fall
6
Q
Folding
A
A change in fashion
7
Q
Disney
A
Disposable income
At a given price if people have higher income, demand will increase
8
Q
Princesses
A
Population
More people = more demand
