Chapter 4 section 2 what factors affect demand worksheet answers

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guided reading activity 4-2 factors affecting demand answers

chapter 4 section 2 what factors affect demand worksheet answers

Start studying economics ch.4 sec.2 what factors affect demand. Learn vocabulary, terms, and more with flashcards, games, and other study tools.

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Page 2. As you read in Chapter 2, in a market economy Factors Affecting Demand. Graphic Organizer As you read this section, use a graphic organizer like the one found on page 89 of your textbook to Chinese Activities How does consumer income affect the demand for normal and inferior goods? Which economic factors most affect the demand for consumer goods?

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We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you! Published by Alejandro Warner Modified over 5 years ago. Butter and margarine The demand for product tends to increase if the price of its substitute increases Complements- use of one increases the use of the other- exp- personal computer and software- Gillette razor blades The demand for complimentary products tend to do down as the price of the compliment goes up.

The previous module explored how price affects the quantity demanded and the quantity supplied. The result was the demand curve and the supply curve. Price, however, is not the only thing that influences demand. Nor is it the only thing that influences supply. For example, how is demand for vegetarian food affected if, say, health concerns cause more consumers to avoid eating meat? Or how is the supply of diamonds affected if diamond producers discover several new diamond mines?



3.2 Shifts in Demand and Supply for Goods and Services

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guided reading activity 4-2 factors affecting demand answers

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