Class Notes (835,674)
United States (324,215)
Economics (42)
ECON 1901 (7)
Lecture

1/31/2014MacroNotes.doc

1 Page
66 Views
Unlock Document

Department
Economics
Course
ECON 1901
Professor
Nathan Blascak
Semester
Spring

Description
Demand-consumer surplus Changes in demand- what causes us to change the amount of stuff we want to buy? 1. Change in quantity demanded -change in price causes a change in QD(movement along the demand curve) 2. Change in demand -change in something other than price -this will cause a shift in the demand curve 1.Change in income -will shift demand -direction of the shift will depend on the type/quality of the good a. normal good- a good who’s demand increases when income increases b. inferior good-a good who’s demand decreases when income increases 2. Change in the price of a related good -2 main relationships a.
More Less

Related notes for ECON 1901

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit