Understanding Demand Shifters
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MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
INCOME AS IT RELATES TO NORMAL GOODS
Jake Butt gets draft to the NFL so his income goes up and his demand for high end cars went up because it's a normal good.
Photo by IAN RANSLEY DESIGN + ILLUSTRATION
INCOME AS IT RELATES TO INFERIOR GOODS.
Mike lost his job so his demand for non name brand food will go up because they are inferior goods.
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CONSUMER EXPECTATION
There was a sale at Target buy one get of store brand chips the demand for those chips will likely increase. By the factor of the sale.
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POPULATION
There was a new town built in a old abandoned area. The demand for gas will most likely increase.
Photo by Chalkie_CC
