PPT-Factors A ffecting Demand

1What is a change in the quantity demanded The movement along the demand curve showing that the amount someone is willing to purchase changes when the price changes 2Explain the Income Effect. Rumzi Taushif Manisha Gupta Assistant Professor Department of Management Studies Sharda University SBS greater Noida Jagannath International Management School OCF Pocket Sector B Vasant Kunj New Delhi Research Scholar Sharda University Greater Noida http://en.wikipedia.org/wiki/Coal_Strike_of_1902. 2. 3. What is . e. d. . for Cigarettes?. “Economic studies have suggested that a price increase of 10 percent reduces smoking about 4 percent” . http://en.wikipedia.org/wiki/Coal_Strike_of_1902. 2. What is . e. d. . for Cigarettes?. “Economic studies have suggested that a price increase of 10 percent reduces smoking about 4 percent” . e. state that quantity supplied and demanded will change in response to changes in price. Elasticity. determines by . how much. quantity will change in response to a given change in price. More generally:. Introduction to Demand. In the United States, the forces of supply and demand work together to set prices. . Demand. is the desire, willingness, and ability to buy a good or service.. one individual consumer OR. A. Change in the quantity demanded due to a . price change . occurs . ALONG . the demand curve. An increase in the Price of Cupcakes from $3 to $4 will lead to a decrease in the Quantity Demanded . from . Change in Quantity Demanded. Income Effect. Substitution . Effect. Change in . Demand . (Demand Determinants). Income. Consumer Expectations. Population. Consumer Tastes and Advertising. Complements and Substitutes. STONER & BITER . What do you think they stand for???. These acronyms will help you remember what cause demand and supply curves to shift. Bell Work. What are the factors of production?. Why do we need them both as consumers and producers? . In what ways have we seen this law of supply and Demand played out in class?. Homework: Community Service Project Proposal. Write 1 paragraph on What you propose to do for Community Service. Be sure to include:. 5.2 How Do Demand and Price Interact?. Demand. . is what people are willing and able to buy at various prices.. • Quantity demanded is a specific amount an individual is willing and able to . buy at . 11 Markets for Factors of Production. 11.1 The Competitive Labor Market. 11.2 The Supply of Labor: Your . Labor-Leisure . Tradeoff. 11.3 Wage Inequality. 11.4 The Market for Other Factors of . Production. In what ways have we seen this law of supply and Demand played out in class?. Homework: Community Service Project Proposal. Write 1 paragraph on What you propose to do for Community Service. Be sure to include:. In this lesson, students will identify factors which can cause a demand curve to shift.. Students will be able to define and/or identify the following terms:. Ceteris Paribus. Shifts in the Demand Curve. Demand and Supply. Teacher: Mr Moosajee. Twitter: @BusEconYMO_HGS (The Mr Moosajee). Why study Economics?. If you ever wonder:. How are the world’s scarce resources allocated, and why?. What factors determine prices and why do they always seem to...