Demand Curve
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20 Terms
Movements along the demand curve
Changes in quantity demanded caused only by a change in the price of a product.
Change in quantity demanded
Movement along the demand curve due to a change in the price of a product.
Demand
Shift of the demand curve due to factors other than price.
Factors that increase demand
Conditions that lead to a rightward shift of the demand curve.
Factors that decrease demand
Conditions that lead to a leftward shift of the demand curve.
Decrease in disposable income
A factor that can decrease demand.
Income tax rates rise
A factor that can decrease demand.
Price of a substitute falls
A factor that can decrease demand.
The product falls out of style
A factor that can decrease demand.
Consumer confidence falls
A factor that can decrease demand.
Population size decreases
A factor that can decrease demand.
Interest rates rise
A factor that can decrease demand.
Increase in disposable income
A factor that can increase demand.
Income tax rates fall
A factor that can increase demand.
Price of a substitute rises
A factor that can increase demand.
The product is on trend and in style
A factor that can increase demand.
Consumer confidence rises
A factor that can increase demand.
Population size increases
A factor that can increase demand.
Interest rates fall
A factor that can increase demand.
Impact on equilibrium $ and Q
The effect on price and quantity in the market due to shifts in demand.