VI. A. Expand your knowledge of non-price determinants of demand. Fill in the missing words in the sentences below. Choose from the box. Translate the sentences into Ukrainian.
Date: 2015-10-07; view: 650.
| consumer tastes | to decrease | consumers | afford |
| affect | to reflect | an increase | market demand curve |
| shortages | compete | to buy | to increase |
| demand for | a decrease | stock up | consumer preferences |
1. Only those people with demand -the desire, ability, and willingness to buy a product - can ________ with others who have similar demands.
2. An increase in income means people can _______ to buy more at all possible prices.
3. Advertising, fashion trends, and even changes in the season can _______ consumer tastes.
4. For example, when a product is successfully advertised, its popularity increases and people tend _______ more of it; as a result, the demand curve shifts to the right.
5. When fewer people want the product at all possible prices, the demand curve shifts to the left, showing ______ in demand.
6. In addition, the development of new products can have a dramatic and relatively sudden impact on _______.
7. Sometimes the change in _______ and preferences is relatively rapid, and sometimes the change occurs more slowly.
8. In recent years, for example, consumer concerns about health have slowly increased the _______ healthful foods.
9. In general, the demand for a product tends _______ if the price of its substitute goes up.
10. The demand for a product tends ________ if the price of its substitute goes down.
11. _______ in the price of one good usually leads to a decrease in the demand for its complement.
12. If the weather service forecasts a bad year for crops, people might _______ on some foods before these items actually become scarce.
13. The willingness to buy more because of expected future ______ would cause demand to increase, shown by a shift of the demand curve to the right.
14. A change in income, tastes, and prices of related products affects individual demand schedules and curves - and hence the _______.
15. The market demand curve can also change if there is a change in the number of _______.
16. The market demand curve would shift to the right _______ an increase in demand.
B. Choose the number of the sentence that explaines changes in:
| consumer income | |||
| consumer tastes | |||
| substitutes | |||
| complements | |||
| expectations | |||
| number of consumers |