What is the Law of Demand?
What makes you want to buy something over another thing?
Of course price but what else?
What could make you not want to buy something?
What about expectation for the future? Are you going to buy something when you know that next week it will be cheaper?
So as economist we must narrow our focus.
Let's consider buying a house
What are all the factors we must consider before buying a home?
This is a PPT so it is meant to be taught so i have added a slide script. This PPT encourages discussion. I have added possible answers to questions given.