Econ Ch4 Demand

Chapter Objectives ,[object Object],[object Object],[object Object],[object Object]

Defining Demand ,[object Object],[object Object],[object Object]

The Law of Demand ,[object Object],[object Object],[object Object]

Graphing Demand ,[object Object],[object Object]

NOTICE: In what direction does the demand curve go?

Why Demand Rises and Falls ,[object Object],[object Object],[object Object]

Law of Diminishing Marginal Utility ,[object Object],[object Object],[object Object],[object Object]

How will this effect demand? ,[object Object],[object Object],[object Object]

Changes in Demand ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Demand Elasticity ,[object Object],[object Object]

[object Object],[object Object],[object Object]

Effects of Elasticity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],TIME IS A FACTOR

Homework: ,[object Object],[object Object],[object Object],[object Object],1. 2. 3. 4. 5. Elasticity? Complement Substitute Item

Econ Ch4 Demand

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Econ Ch4 Demand