movementsshifts 150622081912-lva1-app6891
TRANSCRIPT
Movements & Shifts of Demand Curve
• A few quiz questions:– Show the shifts in the demand curve(s) for:• Fast food as it is becoming unpopular with
consumers.
• Chicken as the price of lamb increases.
• Steak sold at Ali’s Steakhouse as residents surrounding his restaurant has moved elsewhere.
• Bullets as prices of gun decreases.
Movements & Shifts of Demand Curve
• A few quiz questions:– Draw the shifts in demand curve(s) for:• Cheap/budget clothes when the income of city
dwellers have increased.
• Michael Jackson CDs as it is expected to sell out soon.
• Ogawa massage chairs as the income of Malaysian’s have increased.
• Diapers as the number of babies given birth this year is more than last year.