Changes in Demand Enviroment

Consumer Income

 

 

For each price the demand changes due to the change in the amount of income that is recieved in the area that is in question. As the price of the item goes down, so does the price but when the income of the consumers increases due to different factors, then the demand comes with it. With the prices in question, we see just that, which means that more jobs or more steady in comes were developed which causes a increase of demand in a product, like electronics or such.

 

Change in Expectations

 

 

 

Sometimes with consumer interest over a matter of years or decades, you see one of two things: Demand rise or demand fall. Usually, there are many contributing factors, but a major one today is the change in expectations. Our world is ever evolving with new technologies and other advanced products, our expectations evolve right along with it. In the case of the graph and the schedule, we see a fall in demand due to a lack of meeting basic expectations. A very good example of our rising expectation is our food regulations.