Factors that shift the demand curve

Why does a change in Income shift the demand curve?

• The person's ability to buy goods and services changes

• If one thinks that the price of a product will change, it can determine weather they buy it now or later

• Because the curve felt like it

• The number of consumers increases

Why does market size shift the demand curve?

• The number of consumers increases

• When a product is popular, consumers demand more of it at every price

• If one thinks that the price of a product will change, it can determine weather they buy it now or later

Why do consumer tastes shift the demand curve?

• When a product is popular, consumers demand more of it at every price

• The demand curve likes to hop around

• If one thinks that the price of a product will change, it can determine weather they buy it now or later

Why do consumer expectations shift the demand curve?

• If one thinks that the price of a product will change, it can determine weather they buy it now or later

• Because the curve felt like it

• When a product is popular, consumers demand more of it at every price

Why do substitute goods shift the demand curve?

• substitutes can be used in place of other goods

• If one thinks that the price of a product will change, it can determine weather they buy it now or later

• the curve likes the goods

Why do complementary goods shift the demand curve?

• The use of one product increases the use of another product

• Consumer expectations

• The use of one product decreases the use of another

What is an example of complementary goods?

• CD players and CD's

• Dr. Pepper and Mr. Pibb

• mechanical and wooden pencils