Economics
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MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
ECONOMICS
NIKKI BOSZKO
Advertising
A high school girl sees a commercial for Kate Hudson's new clothing line, Fabletics. What is likely to happen to her demand for Kate Hudson clothes?
Answer: It will increase.
Population
Carol's Bakery moves from Fraser, Michigan to NYC,New York. What is likely to happen?
Answer: The bakery will make more money and demand for those baked goods will go up.
Prices of Related Goods (complement)
The price of marshmallows goes down. What is likely to happen to demand for graham crackers and chocolate?
Answer: The demand will go up.
Photo by Another Pint Please...
Consumer expectations
During spring, all xmas decorations are on sale.Martha buys a new tree and lights because she knows the price will go up in the winter time. What is likely to happen to the demand for xmas decor?
Answer: The demand will increase.
Photo by tanakawho
Income normal goods
Colby gets a second job and wants a new car. What is likely to happen?
Answer: She will make more money so her demand for wanting a brand new car will go up.
Photo by Abdulrahman BinSlmah
Income inferior goods
Kayla gets a raise at work and goes grocery shopping. She can now afford regular brand pop-tarts. What is likely to happen to her demand for brand name foods?
Answer: Her demand for brand name foods will increase.
Photo by JeepersMedia
