Shifting Demand

Let's get schwifty... I mean, shifty!

Concept: Shifting Demand - Warning!

6m

Concept: Shifting Right and Shifting Left

2m

Concept: Consumer Income: Normal Goods and Inferior Goods

2m

Example: Consumer Income Shifting Demand

4m

Concept: Substitute Goods

5m

Example: Substitute Goods

5m

Concept: Complementary Goods

4m

Example: Complementary Goods

4m

Concept: Consumer Preferences

2m

Example: Consumer Preferences

2m

Concept: Consumer Expectations

3m

Example: Consumer Expectations

2m

Concept: Number of Consumers

2m

Example: Number of Consumers

2m

Concept: Demand Shift Summary

3m

Problem: What happens in the market for blenders if consumers decide that juicing their vegetables is better than blending their vegetables?

2m

Problem: What happens in the market for beef jerky if customers expect a price increase in the future?

2m

Problem: If cheese in a can is an inferior good, what happens to its market when consumer income increases?

2m