Shifts of the Demand Curve
Price = $3
Quantity = 6 lbs.
Changes in Income
Shifts of the Demand Curve
What happens when income increases?
Shifts of the Demand Curve
What happens when income increases?
Shifts of the Demand Curve
What happens when income increases?
Shifts of the Demand Curve
What happens when income increases?
Shifts of the Demand Curve
What happens when income increases?
Shifts of the Demand Curve
What happens when income increases?
Shifts of the Demand Curve
What happens when income increases?
Shifts of the Demand Curve
What happens when income increases?
Shifts of the Demand Curve
What happens when income increases?
Shifts of the Demand Curve
What happens when income increases?
At the same price as before, we demand more coffee!
Shifts of the Demand Curve
Price = $3
Quantity = 10 lbs.
Now, let’s see what happens when the population shrinks.
Changes in Population
Shifts of the Demand Curve
Now, let’s see what happens when the population shrinks.
Changes in Population
Shifts of the Demand Curve
Now, let’s see what happens when the population shrinks.
Changes in Population
Shifts of the Demand Curve
Now, let’s see what happens when the population shrinks.
Changes in Population
Shifts of the Demand Curve
Now, let’s see what happens when the population shrinks.
Changes in Population
Shifts of the Demand Curve
Now, let’s see what happens when the population shrinks.
Changes in Population
Shifts of the Demand Curve
Now, let’s see what happens when the population shrinks.
Changes in Population
Shifts of the Demand Curve
Now, let’s see what happens when the population shrinks.
Changes in Population
Shifts of the Demand Curve
Now, let’s see what happens when the population shrinks.
Changes in Population
Shifts of the Demand Curve
The market demands less coffee at the same price!
Changes in Population
Shifts of the Demand Curve
Price = $3
Quantity = 6 lbs.
Now let’s see what happens when advertising increases
Changes in Advertising
Shifts of the Demand Curve
Now let’s see what happens when advertising increases
Changes in Advertising
Shifts of the Demand Curve
Now let’s see what happens when advertising increases
Changes in Advertising
Shifts of the Demand Curve
Now let’s see what happens when advertising increases
Changes in Advertising
Shifts of the Demand Curve
Now let’s see what happens when advertising increases
Changes in Advertising
Shifts of the Demand Curve
Now let’s see what happens when advertising increases
Changes in Advertising
Shifts of the Demand Curve
The market demands more coffee at the same price!
Changes in Advertising
Shifts of the Demand Curve
Now, what happens to the demand curve when the price of coffee increases?
Changes in Advertising
Shifts of the Demand Curve
Now, what happens to the demand curve when the price of coffee increases?
Changes in Advertising
Shifts of the Demand Curve
Now, what happens to the demand curve when the price of coffee increases?
Changes in Advertising
Shifts of the Demand Curve
Now, what happens to the demand curve when the price of coffee increases?
Changes in Advertising
Shifts of the Demand Curve
Now, what happens to the demand curve when the price of coffee increases?
Changes in Advertising
Shifts of the Demand Curve
Now, what happens to the demand curve when the price of coffee increases?
Changes in Advertising
Shifts of the Demand Curve
Now, what happens to the demand curve when the price of coffee increases?
Changes in Advertising
Shifts of the Demand Curve
Now, what happens to the demand curve when the price of coffee increases?
Changes in Advertising
Shifts of the Demand Curve
Now, what happens to the demand curve when the price of coffee increases?
Changes in Advertising
Shifts of the Demand Curve
Now, what happens to the demand curve when the price of coffee increases?
Changes in Advertising
Shifts of the Demand Curve
Nothing! Changes in price do NOT shift the demand curve
Changes in Advertising
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