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Lessons:
Trade in Colonial America / NAFTA
Timing is Everything
Developing a Financial Investment Portfolio
Widgets: Producing More, Using Less
How E-Commerce Influences Consumer Choice
Mystery Workers
Demand Shifters
Government Spending
Those Golden Jeans
The Great Depression Mystery
Lowell Workers and Producers Respond to Incentives

Demand Shifters:
An internet application of Lesson 5, "Demand Shifters,"
from Focus: Middle School Economics
Student Edition

Part 1

What does quantity demanded mean? answer

Demand Schedule for Bubble Soda
Price / Soda Quantity Demanded (in thousands)
$1.00 5
.75 10
.50 15
.25 20

Use the demand schedule for bubble soda to answer these questions about quantity demanded.

What is the quantity demanded at a price of $1.00?
5 10 15 20

What is the quantity demanded at a price of $.25

5 10 15 20
As price goes down, what happens to the quantity demanded?
Increases Decreases
  
As price goes up, what happens to the quantity demanded?
Increases Decreases

Remember the relationship between price and quantity demanded is inverse and is called the Law of Demand. Demand is the relationship between various prices and the quantities consumers are willing and able to buy during some time period, holding all other things constant. Demand is not a single price and quantity demanded from the schedule. Demand is the entire schedule.

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