VWO 3 4.1 deel 2

What is demand?
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Slide 1: Tekstslide
EconomieMiddelbare schoolvwoLeerjaar 3

In deze les zitten 16 slides, met interactieve quizzen en tekstslides.

Onderdelen in deze les

What is demand?

Slide 1 - Tekstslide

Student Aims:
- At the end of the class I can draw a demand curve and form a demand formula.
- At the end of the class I can explain which factors influence the demand.
- At the end of the class I can calculate price elasticity and am I able to interpret price elasticity. 

Slide 2 - Tekstslide

Is the weekly local market a concrete or abstract market?
A
Concrete market
B
Abstract market

Slide 3 - Quizvraag

The demand equation for cars is:
Qv = -5P + 100.000
How many cars are sold at the price of €15.000
A
25.000
B
15.000
C
10.000
D
17.000

Slide 4 - Quizvraag

The demand equation for cars is:
Qv = -5P + 100.000
What is the salesprice when the demand is 5.000 cars
A
€10.000
B
€20.000
C
€19.000
D
€15.000

Slide 5 - Quizvraag

Qv = –0.2p + 75
The cause is on the y axis (changing price)

 
The result is on the x axis (demanded quantity)

Slide 6 - Tekstslide

Qv = –0.2p + 75 

Slide 7 - Tekstslide

Slide 8 - Tekstslide

Ilse has more income
Daan gets fired
The price of books increases
The new levies jeans becomes more populair

Slide 9 - Sleepvraag

Conclusion:
Shift of the whole demand curve:
Other factors than price influence the demand for a product.

Movement along the demand curve

The demand for a product changes when the price changes

Slide 10 - Tekstslide

Cars and fuel are an example of:
A
Subsitution goods
B
Complementary goods

Slide 11 - Quizvraag

Slide 12 - Tekstslide

Price elasticity
We measure the effect or response to demand when price rises with price elasticity of demand.

The price increases from €1.00 to €1.20
What is the reaction in the demand?

Slide 13 - Tekstslide

price elasticity

Slide 14 - Tekstslide

Example:
The price of jeans goes from €20 to €25
The demand goes from 15 to 10
What is the price elasticity? 

Slide 15 - Tekstslide

homework
Questions 8 - 10 - 15 - 16

Slide 16 - Tekstslide