Download Demand Differentiation Practice 2

DEMAND Practice
name: ________________________
List the 6 factors that cause a shift in demand.
1.
4.
2.
5.
3.
6.
7. What is the law of demand?
Use the Demand curve to answer the questions that follow.
Joe’s Shoes
70
60
50
40
30
20
10
0
0 10 20 30 40 50 60 70 80
8. What is the quantity demanded at $50? ________________
9. Millions of Guatemalans have decided that Joe’s shoes are the best shoes ever and feel like pillows on
their feet. They request that more shoes be sent to their stores immediately.
What will happen to demand for Joe’s shoes? RIGHT or LEFT
Why?
Draw it.
10. If Joe’s shoes is going to have a giant sale next week and all shoes will be half off, what will happen to
the demand for Joe’s shoes this week? RIGHT or LEFT?
Why?
Draw it.
11. If the price of socks go up, what will happen to the demand for Joe’s shoes? RIGHT or LEFT?
Why?
Draw it.