What are the five variables that will shift the demand curve?

What will be an ideal response?

1. Income
2. Price of related goods
3. Tastes
4. Population and demographics
5. Expected future prices

Economics

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Tasha is undecided about whether to sell her house or not. If the real estate agent comes to her with a $150,000 offer, she will not sell. If the offer is $175,000 . she will sell. Think of Tasha as one of hundreds of would-be sellers on the housing market. It illustrates that

a. the demand for real estate is unreliable b. Tasha's decision making reflects a market-day supply c. there must be an excess supply of homes d. the supply curve for homes is upward sloping e. the supply curve for homes is downward sloping

Economics

Identify the main reason to expect convergence in the long run

a. Low-productivity countries learning from high-productivity countries b. Rapid growth in the supply of capital in low-productivity countries c. Educational attainment rising quickly in low-productivity countries d. Economic complacency and mismanagement in high-productivity countries

Economics