Ch 13: Holt McDougal Economics Chapter 4.2: What Factors Affect Demand?

About This Chapter

The What Factors Affect Demand? chapter of this Holt McDougal Economics Companion Course helps students learn the essential lessons associated with influences on demand. Each of these simple and fun video lessons is about five minutes long and is sequenced to align with the What Factors Affect Demand? textbook chapter.

How It Works:

  • Identify the lessons in the Holt McDougal What Factors Affect Demand? chapter with which you need help.
  • Find the corresponding video lessons with this companion course chapter.
  • Watch fun videos that cover the demand topics you need to learn or review.
  • Complete the quizzes to test your understanding.
  • If you need additional help, rewatch the videos until you've mastered the material or submit a question for one of our instructors.

Students will learn about:

  • Demand elasticity
  • Diminishing marginal utility
  • The income effect, along with substitution effect
  • Major factors that make the demand curve shift
  • How normal and inferior goods are different
  • Complementary and substitute goods

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8 Lessons in Chapter 13: Holt McDougal Economics Chapter 4.2: What Factors Affect Demand?
Test your knowledge with a 30-question chapter practice test
Diminishing Marginal Utility: Definition, Principle & Examples

1. Diminishing Marginal Utility: Definition, Principle & Examples

Diminishing marginal utility is an important concept in economics and helps explain consumer demand. In this lesson, we will explore this topic, look at some real-world examples, and end with a quiz.

Substitution & Income Effects: Impacts on Supply & Demand

2. Substitution & Income Effects: Impacts on Supply & Demand

Have you ever changed your mind about buying something because they raised the price? Or maybe opted for an upgrade because you got a raise? This lesson explains the substitution and income effects, the terms economists use to describe those actions.

The Elasticity of Demand: Definition, Formula & Examples

3. The Elasticity of Demand: Definition, Formula & Examples

Do people buy more when prices drop? How much more do they buy? These questions can be answered by evaluating a good's elasticity of demand, which is defined and illustrated in this lesson with a few examples.

Microeconomic Shifts in Supply and Demand Curves

4. Microeconomic Shifts in Supply and Demand Curves

Learn about the important forces that can cause the demand and supply curve to shift. Discover how this affects equilibrium and the prices you pay for goods and services.

Normal & Inferior Goods in Microeconomics

5. Normal & Inferior Goods in Microeconomics

A consumer's income affects the types of products that they purchase. In this lesson, you will learn the definition of and differences between normal and inferior goods in microeconomics and how they affect consumer demand.

Market Size: Definition & Explanation

6. Market Size: Definition & Explanation

In this lesson, we will define market size and explain how the term is used. Learn how to estimate market size and how this can be used to identify potential business opportunities.

Substitute Goods: Definition & Examples

7. Substitute Goods: Definition & Examples

Sometimes if a price for a particular product is high, you may decide to purchase something cheaper that will work. In this lesson, you'll learn about substitute goods and related concepts, and you can look at some examples.

Complementary Goods in Economics: Definition & Examples

8. Complementary Goods in Economics: Definition & Examples

Do the sales of one good affect the sales of another? Does the laptop I just purchased have a complementary good? Learn what complementary goods are and read about some easy-to-remember examples.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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