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Consumer expectations: Microsoft Hiring 10,000 People in the Puget Sound Area. What will happen to demand for Starbucks coffee? Market Size: (potential buyers) changes in
- Consumer expectations: Microsoft Hiring 10,000 People in the Puget Sound Area. What will happen to demand for Starbucks coffee?
- Market Size: (potential buyers) changes in the size of the market. U.S. Signs Free Trade Agreement with China. What happens to the demand for Boeing airplanes (a top U.S. export)?
- Income: Average Income For Consumers Rises. What happens to demand for clothes?
- Prices of complementary goods: Shirts and pants go together. Price of Shirts Hits All Time High. What happens to the price of pants?
- Prices of substitute goods: pants and skirts are substitute goods for women. If the price of one goes a woman could substitute the other for it. Price of Skits Falls. What happens to the price of women's pants?
- For two of the above determinants of demand, come up with your own headline and how each would impact the related determinant(s) of demand.
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