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Untitled Haiku Deck

Published on Mar 16, 2016

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MORE DECKS TO EXPLORE

PRESENTATION OUTLINE

1.

SUBSTITUTES

Photo by Collin Key
2.

GOODS USED IN PLACE OF ONE ANOTHER

Photo by kevin dooley
3.

Ex: DEMAND FOR SKIS WHEN THE PRICE FOR SNOWBOARDS INC. --->

Photo by sebrenner
4.

SNOWBOARDS ARE THE SUBSTITUTE FOR SKIS

CONSUMERS BUY ONE OR THE OTHER, NEVER BOTH
Photo by Lidija Kamansky
5.

IF THERE'S A RISE IN THE PRICE OF SNOWBOARDS PEOPLE WILL BUY MORE SKIS

Photo by kevin dooley
6.

If there's a fall in the price of snowboards then consumers will buy less skis at any price

Photo by iwona_kellie
7.

Different goods that satisfy the same needs of the consumers. Can be used to replace one another; Price of such goods shows positive cross-elasticity of demand.

Photo by kevin dooley

Rosa Mora