Practice: What happens in the market for blenders if consumers decide that juicing their vegetables is better than blending their vegetables?
Concept #1: Shifting Demand - Warning!
Concept #2: Shifting Right and Shifting Left
Concept #3: Consumer Income: Normal Goods and Inferior Goods
Example #1: Consumer Income
Concept #4: Substitute Goods
Example #2: Substitute Goods
Concept #5: Complementary Goods
Example #3: Complementary Goods
Concept #6: Consumer Preferences
Example #4: Consumer Preferences
Concept #7: Consumer Expectations
Example #5: Consumer Expectations
Concept #8: Number of Consumers
Example #6: Number of Consumers
Example #7: Demand Shift Summary
Practice: What happens in the market for blenders if consumers decide that juicing their vegetables is better than blending their vegetables?
Practice: What happens in the market for beef jerky if customers expect a price increase in the future?
Practice: If cheese in a can is an inferior good, what happens to its market when consumer income increases?
