Demand Shifts

DEMAND SHIFTS

Beef Demand in May Non-price Determinants of Demand

List the five non-price determinates of Demand

2. Price 3.

D1 4. Quantity Demanded 5.

Read the following eight newspaper headlines. In each case decide if the event will cause a change (shift) in the demand for beef. If so, determine if it is an increase or a decrease and write the correct answer. Tell whether the event will shift the curve to the left or the right and if there is no change, write "N.C." There is one headline that implies that the demand for beef does not change. The first one is completed for you.

1. Price of beef to rise in June Demand increases ______Curve _right_____ because of expectations of a price change

2. Millions of foreign immigrants swell the US population Demand ______Curve____ because ______

3. Pork prices drop Demand ______Curve ______because ______

4. Surgeon General warns that eating beef can be hazardous to your health Demand ______Curve ______because______

5. Beef prices fall; consumers buy more Demand ______Curve ______because ______

6. Real income for Americans drops third month in a row Demand ______Curve ______because ______

7. Charcoal shortage threatens Memorial Day cookouts Demand ______Curve ______because ______

8. Nationwide fad: The disco-burger Demand ______Curve ______because ______

SSEMI3 The student will explain how markets, prices, and competition influence economic behavior. a. Identify and illustrate on a graph factors that cause changes in market supply and demand. Beef