Explanation:
Section 3. Please refer back to the text, as well as our last assignment
on the demand shifters, if you are stuck or confused.
Instructions:
Come up with an example for each of the demand shifters:
1. Changes in income
2. Changes in the number of consumers
3. Changes in consumer tastes and preferences
4. Changes in consumer expectations
5. Changes in the price of substitute goods
6. Changes in the price of complementary goods
For each example:
• Choose a good or a service
• Write a headline or tell me a story (like our last assignment