4.2 Factors Affecting Demand
Unit 2 Lesson 2: Factors Affecting Demand
Main Idea
There are a number of factors that will cause demand to either increase or decrease. Price, income and the substitution effect can cause prices to increase or decrease.
Lesson Objectives
By the end of this lesson, students should be able to:
There are a number of factors that will cause demand to either increase or decrease. Price, income and the substitution effect can cause prices to increase or decrease.
Lesson Objectives
By the end of this lesson, students should be able to:
- Describe what causes a change in quantity demanded.
- Describe the factors that could cause a change in demand.
Reading Assignment
Read pages 89-93 in Economics: Principles & Practices. Complete the Guided Reading Activity (print it) as you read. Turn it in after you have completed it.