RECALL

• Demand


  It refers to the consumer’s desire to purchase goods or

  services
• Expectation


  It is defined as prospect on what is going to happen to the

  price can influence the demand for the comodity
• Taste


  These are shape through cultural values,peer pressure,

  and power of advertising
• Supply


  It refers to the market’s ability to produce a good or

  service.
• Income


  Your capacity to purchase is influenced by your________
• Complementary goods


  It refers to commodities consumed together.
• Substitute goods


  It refers to commodities consumed in place of each other.
• Right


  A positive effect will shift the demand curve to the_______
• Left


  A negative effect will shift the demand curve to the______
• Market


  The size and characteristic of the __________ can also

  influence the demand for a commodity