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1 6 15 Day 3 Ch 4 and 5 Demand curve shifters Factors effecting demand 2 3 4 5 are shifters of demand curve change in demand 1 2 3 are most important 1 Price of goods no shift movement along demand curve change in quantity demanded 2 Price of other goods up up or down down or up down down up 3 Income 4 Taste 5 Expectations 1 Price of good X Price of good X 2 Price of other goods 1 Substitutes coke and pepsi 2 Compliments automobiles and gas good x an y are subs There is and in prices of good x Show inpact on good y quantity of good y
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