An intuitive though challenging worksheet on economic demand.
After completing this worksheet students will be able to:
Identify the difference between an increase vs. a decrease in quantity demanded
Identify the difference between an increase vs. a decrease in demand
Identify the difference between a change in demand vs. a change in quantity demanded
Demonstrate an understanding of the three different methods of presenting demand data (with a graph, a table, and through the use of appropriate terminology)
Graph changes in demand as a result of changes in the price of related goods (substitutes and complements) as well as changes in income for both normal and inferior goods