Problem
A. What does it mean when we say the demand curve shifts?
B. How does the demand curve move when demand increases OR decreases?
C. If income and demand move in OPPOSITE directions, what type of good is this?
D. If income changes but the demand does NOT change, what type of good is this?
E. If income and demand move in the SAME direction, what type of good is this?
F. How does a person's preferences affect the demand curve?
G. What are the two types of related goods?
H. What are substitutes?
I. What are complements?
J. What happens to the demand of a good if there are MORE buyers?
K. If there are FEWER buyers for a good, what happens to the demand?
L. What is one factor that may cause the number of buyers to increase and what is another factor that may cause the number of buyers to decrease?
M. How does future price affect the current demand?
N. What ONE factor can cause a change in quantity demanded and how is the change shown?