Excluding price, what factors can influence a change in demand? (a) What are the six major factors that cause demand to change? (b) How do each change demand? (c) Draw a graph to illustrate the change for each factor. (d) How does each shift affect equilibrium price and quantity?
a. Define "demand" as an economist would. b. List and explain three non-price determinants of demand that can shift the demand curve. c. Explain the difference between "a change in demand" and "a change in quantity demanded." Use ...
An increase in quantity demanded would be represented graphically as: a. a leftward shift of the demand curve. b. a rightward shift of the demand curve. c. a movement upward along the demand curve. d. a movement downward along the d...