What Can Cause Demand to Change?
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If a street fair was held on the block with Jasmine’s taqueria, what would happen to demand and why?
Suppose a blizzard was predicted? What happens to the demand for Jasmine’s tacos? Why?
What causes movement on a demand curve?
How is a change or shift in demand different than movement on a curve?
Why is applying the concept of ceteris paribus important when looking at demand in a market?
What happens to demand when you experience an increase in income? What market in your life could shift if you experienced an increase in income?
How can the blizzard being predicted in Jasmine’s taqueria scenario both be expectations and number of consumers?
What plays a huge role in shaping consumer tastes?
If there is an anticipated sale on your favorite video game, what happens to your current demand for that video game?
Provide five sets of complementary goods. Select one and write a scenario for how demand could shift.
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