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Slide Notes

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Econ

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PRESENTATION OUTLINE

INCOME AS IT RELATES TI NORMAL GOODS

SOMEONE WINS THE LOTTERY THEREFORE THEY SHOP AT VERSACE
Photo by FuFuWolf

INCOME AS IT RELATES TO INFERIOR GOODS

YOU MARRY SOMEONE RICH SO YOU STOP SHOPPING AT DOLLAR TREE

CONSUMER EXPECTATIONS

IF I EXPECT THE PRICE OF RAMEN TO GO UP I'LL BUY MORE NOW
Photo by camknows

POPULATION

AS THE BABY POPULATION INCREASES MORE FORMULA PEOPLE SELL

CONSUMER TASTE AND ADVERTISING

AS SHOULDER PADS GO OUT OF STYLE PEOPLE WONT ADVERTISE THEM

SUBSTITUTES

AS OREOS GET MORE EXPENSIVE MORE PEOPLE WILL BUY OFF BRAND

COMPLIMENTS

AS MORE HOTDOGS ARE BOUGHT MORE KETCHUP WILL ALSO BE BOUGHT
Photo by cyclonebill