Discuss Your Experience with Demand
This discussion is designed to analyze your behavior as a consumer and to provide you with practice in applying the concepts of demand
STEP 1:A. Think of an event or experience in YOUR life (recent) where your purchase of an item would be considered a “change in quantity demanded”.
B. Then think of an actual experience (again, recent) where your purchase of an item would be considered a “change in demand”.
STEP 2:Post your description these two experiences clearly identifying which is which in your discussion. For question B, clearly define which “shift factor” or “determinants of demand” you believed caused the change in demand.