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YESTERDAY WE SAID …

YESTERDAY WE SAID …. IF PRICE GOES DOWN …. THE QUANTITY DEMANDED GOES UP And vice versa. SPEAKING IN PRECISE TERMS AS AN ECONOMIST…. “ A “change in quantity demanded” means there has been a change in …… The price of the product

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YESTERDAY WE SAID …

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  1. YESTERDAY WE SAID … • IF PRICE GOES DOWN …. • THE QUANTITY DEMANDED GOES UP • And vice versa

  2. SPEAKING IN PRECISE TERMS AS AN ECONOMIST…. • “ A “change in quantity demanded” means there has been a change in …… • The price of the product • This is illustrated graphically by movement up and down the demand curve

  3. A “change in demand” means.. • A non-price factor (determinant) has caused demand to increase or decrease

  4. T I M E R ASTES NCOME ARKET SIZE XPECTATIONS ELATED GOODS, PRICE OF 5 Determinants of Demand

  5. A CHANGE IN DEMAND IS SHOWN GRAPHICALLY BY … • A SHIFT IN THE DEMAND CURVE • IF THE DEMAND CURVE SHIFTS TO THE RIGHT THEN DEMAND HAS… • INCREASED • IF THE DEMAND CURVE SHIFTS TO THE LEFT THEN DEMAND HAS DECREASED

  6. American Express Right Guard Taco Bell Diet Coke Pepsodent Burger King Visa MasterCard Apple Toyota Cheverolet Whisk Wendy’s Partial Word Bank

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