Factors that shift demand… KNOW THIS CHART! Shifts in Demand: Impact of events on Demand for US-Made Autos Is there a change in demand (ΔD) or a change in Does the Demand curve for Will consumers buy more quantity demanded US autos shift to the right Headline of less US autos? (ΔQD)? or left or not shift? Consumers’ income More / Less / Right / Left / No shift ΔD ΔQD drops Millions of Immigrants Enter the More / Less / Right / Left / No shift ΔD ΔQD US Price of Foreign Autos More / Less / Right / Left / No shift ΔD ΔQD Drop Major Cities add More / Less / / Left / No shift ΔD ΔQD inexpensive bus lines Price of US Autos rises More / Less / Right / Left / No shift ΔD ΔQD Price of US Autos More / Less / Right / Left / No shift ΔD ΔQD expected to rise soon
Factors that shift demand… KNOW THIS CHART! Shifts in Demand: Impact of events on Demand for US-Made Autos Headline Will consumers buy more of less US autos? Is there a change in demand (ΔD) or a change in quantity demanded (ΔQD)? Does the Demand curve for US autos shift to the right or left or not shift? Consumers’ income drops More / Less ΔD / ΔQD Right / Left / No shift Millions of Immigrants Enter the US More / Less ΔD / ΔQD Right / Left / No shift Price of Foreign Autos Drop More / Less ΔD / ΔQD Right / Left / No shift Major Cities add inexpensive bus lines More / Less ΔD / ΔQD / Left / No shift Price of US Autos rises More / Less ΔD / ΔQD Right / Left / No shift Price of US Autos expected to rise soon More / Less ΔD / ΔQD Right / Left / No shift
unit_1_learning_target_packet.docx