Determinants of Demand Activity Answer Key
Determinants of Demand Activity Answer Key
Determinants of Demand Activity Answer Key
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Fall 2010 <strong>Determinants</strong> <strong>of</strong> <strong>Demand</strong> Exercise CIA 4U1<br />
Situation Market Determinant Relationship Effect on<br />
<strong>Demand</strong><br />
The price <strong>of</strong> DVD players decreases DVD’s Related<br />
Products<br />
complimentary<br />
Consumers expect this winter that the prices<br />
<strong>of</strong> snow shovels will increase as a result <strong>of</strong> a<br />
harsh winter forecast<br />
Consumers expect that their net incomes<br />
will increase this year as governments<br />
promise a reduction in income taxes<br />
The Canadian government introduces a<br />
“cash for clunkers” program for consumers<br />
to trade in their old vehicles for newer, fuel<br />
efficient models<br />
A study suggests that genetically modified<br />
foods may pose a threat to consumer health<br />
Snow<br />
Shovels<br />
Retail<br />
Market<br />
New car<br />
market<br />
Genetically<br />
Modified<br />
Food<br />
Consumer<br />
Expectations<br />
Consumer<br />
Expectations<br />
Shift in the<br />
<strong>Demand</strong><br />
Curve<br />
Indirect Increase Shift to the<br />
right<br />
Direct Increase Shift to the<br />
right<br />
Direct Increase Shift Right<br />
Income Direct Increase Shift to the<br />
right<br />
Consumer<br />
Preference<br />
Direct Decrease Shift Left
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