https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z en-us 2021-12-07 03:47:46 UTC 2021-12-07 04:53:06 UTC hello@padlet.com https://padlet.net/icons/png/2708.png swxgq76p6b https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932684446 I will be discussing what influences the demand curve and how the changes in demand curve affect economic equilibrium.]]> 2021-12-07 03:53:29 UTC https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932684446 swxgq76p6b https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932700535 A shift in the demand curve from D1 to D2 is caused by....
- Society deems the product more popular 
- Population gains a increase in disposable income 
- The price of substitute product increases 
- Compliment prices decrease]]> 2021-12-07 04:06:34 UTC https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932700535 swxgq76p6b https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932714863 A shift in the demand curve from D to D1 is caused by....

- Product decreases in popularity 
- Overall decrease in income 
- Decrease in the price of substitutes 
- An increase in the price of compliment items
- Expectations discourage buying of product]]> 2021-12-07 04:18:25 UTC https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932714863 swxgq76p6b https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932718338 I chose this video for my presentation because it simplifies and explains the demand curve and what it can be affected by. For example product price will shift the demand to the right .if the price decrease which would increase popularity or if the price increases the demand curve would shift to the left because there would be less demand and people would move to other products.]]> 2021-12-07 04:21:26 UTC https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932718338 swxgq76p6b https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932719185 This video basically explains how supply and demand affects the equilibrium he uses the example of ice cream. in one slide it shows how an increase in the demand was caused by a new supplier entering the market and although supply and demand to not need to correlate in this case they do because the new supplier has increased the popularity of the ice cream which would increase the demand and in turn that could lead to a price increase that would not effect demand.]]> 2021-12-07 04:22:09 UTC https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932719185 swxgq76p6b https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932720141 This video talks about how a leftward shift happens on the demand curve. There are several factors such as a decrease in population. a increase in price. a decrease in income.]]> 2021-12-07 04:22:59 UTC https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932720141 swxgq76p6b https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932721602 A shift to the right on the demand curve can be affected by several factors such as an increase in income or an increase in competing products for example Apple.v.Android. also a decrease in accessories price would lead to more demand for a product and example of this would be video games for an xbox or a playstation if the games are to expensive the game console loses its value ]]> 2021-12-07 04:23:45 UTC https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932721602 swxgq76p6b https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932722855 2021-12-07 04:24:49 UTC https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932722855 swxgq76p6b https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932724301 2021-12-07 04:26:02 UTC https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932724301 swxgq76p6b https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932725181 2021-12-07 04:26:49 UTC https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932725181 swxgq76p6b https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932726401 2021-12-07 04:27:59 UTC https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932726401 swxgq76p6b https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932752221 1. What did you learn about your topic that surprised you the most? Answer : there are a lot more factors to consider with supply and demand
2. Provide a real-life example of how this topic is relevant or interesting Answer: The new ford bronco as an insane demand at the moment and because of this some dealer ships are marking up the broncos they have by 40-50k because some people are willing to pay that amount of money
for you.
3. If you could pass on your knowledge to a family member or friend, what
do you think is the most important thing to pass on? : Low demand would not necessarily decrease the price of a product]]> 2021-12-07 04:52:51 UTC https://padlet.com/swxgq76p6b/fb3cso53frsk5z5z/wish/1932752221