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Chapter 3 Demand

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Chapter 3: Demand
Wants vs. Demand ,[object Object],[object Object]
Demand ,[object Object],[object Object],[object Object],[object Object],[object Object]
How to Graph Demand: ,[object Object],Price (P) Quantity (Q) Demand (D)
What are considerations of demand? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Elasticity of Demand ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Affects Elasticity? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Price Effect vs. Change in Demand ,[object Object],[object Object],[object Object],[object Object],[object Object]
A Demand Curve Shift P Q D 1 D 2 D 3 D 1 = Original Demand D 2 = Increase in Demand D 3 = Decrease in Demand
What Causes A Demand Shift? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Chapter 3 Demand

  • 1. Chapter 3: Demand
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9. A Demand Curve Shift P Q D 1 D 2 D 3 D 1 = Original Demand D 2 = Increase in Demand D 3 = Decrease in Demand
  • 10.