Name ______________________________
Topic 3
Section 2
Objectives:
 Understand the difference between a change in quantity demanded and a shift in the
demand curve
 Identify several factors that determine demand and can cause a shift in the demand
curve.
 Explain how the change in the price of one good can affect demand for a related good
PA Content Standard:
PA6.3.12B/ PA6.3.12.F
PA Content Standard Topic: Evaluate the economic reasoning behind a choice.
Demand Schedule: _________ that lists how much of a ______ a consumer
will buy at ________ prices.
Demand Curve: A _______ of the quantity demanded of a ______ at
different prices.
Ceteris Paribus – _________________________________________
When ceteris paribus is in effect you will have a change in the
______________________, or a movement along the demand curve.
Demand:
 Demand Curves are ____________ only as long as there are
_____changes other than _______ that could affect the consumer’s
decision.
 Price ________ leads to an __________ in Quantity Demanded
 Price _________ leads to an __________ in Quantity Demanded
 A Change in Demand means that at ___________ consumers will
now ______ a ___________ quantity than before.
What Causes the Change in Demand or a Shift in the demand curve?
 Income
1. Normal Goods: as income _________ demand for these
goods ___________.
2. ______________ – an increase in _________ causes
demand for these goods to ________.
 Consumer expectations
Expectation about the _______ can affect our demand for
certain goods ________
1. Price increase
2. Sale
 __________ for a good is __________ related to its
expected future price.
 Population
_____ in the _____ of population will affect the demand for
most products. i.e. ________________
 Consumer tastes (Fads) and advertising
1. ________________ campaigns
2. ____________________
3. Television shows
 Prices of related goods
The demand curve of ______________ can be ___________ by
a change in demand of another.
1. _______________
2. substitutes