Change in Demand
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Change in DemNd
Edin Puric
Scenario- Matthew gets promoted after 1 year working at Walmart, how would his demand for Versace clothing change?
Demand- increases
Factor- income as it relates to normal goods
Photo by Ciccio Pizzettaro
Scenario- Mohammed fails his drug test and he is fired from his job as a valet, how does his demand for mac and cheese change
Demand- increase
Factor- income as it relates to inferior goods
Photo by JeepersMedia
Scenario- TVs will go on sale at Best Buy next week, how does this change Chris's current demand for a new TV?
Demand- decrease
Factor- consumer expectations
Photo by Robert Scoble
Scenario- After a long war, veterans return home and China's population increases, how will China's demand in rice change?
Demand- increase
Factor- population
Photo by Steven Jackson Photography
Scenario- Giovanni is watching TV and he sees a commercial for McDonald's, how will his demand for McDonald's change?
Demand- increase
Factor- advertisement
Photo by Ian Muttoo
Scenario- After an earthquake, one of Coca-Cola's factories is destroyed and the price of coke is raised, how will Ashley's demand in Pepsi change?
Demand- increase
Factore- Substitutes
Photo by Rob Young
Scenario- Max goes out to eat and he orders a hamburger, how will his demand in soda change?
Demand- increase
Factor- compliments
Photo by andrefaria
