ECONnections: Lesson 7: Demand Shifters: Part 4

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

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 Version

Part 4

Listen to an interview with William Donald to learn more about demand.

Closure

In this lesson you have reviewed the law of demand and how price changes affect the amount of a good or service consumers are willing and able to buy. You also learned about the nonprice determinants of demand. Nonprice determinants result in a change in demand. A change in demand means that the amount consumers are willing and able to buy changes at each and every price. Nonprice determinants are sometimes called demand shifters.

Schools across the country stop using textbooks. Demand for textbooks will decrease.

A law is passed guaranteeing students ages 10 and older a minimum allowance of $25.00 per week. Demand for compact discs will decrease.

Doctors have excellent results using vitamin E to cure acne. Demand for Vitamin E will decrease.

The price of Bubble Soda drops. The drop in price has no effect on demand for Bubble Soda.

The price of Bola Cola (a substitute for Bubble Soda) increases. Demand for Bubble Soda will increase.

If the price of peanut butter (a complement for jelly) increases, the demand for jelly will decrease.

Which of the following would result in an increase in demand? Select all that apply.

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