Factors Leading To a Change in Demand

Factors Leading To a Change in Demand is an activity which gives information on all the factors affecting demand, with clear examples.

The factors affecting demand discussed in the video include:

• changes in the price of substitutes and complementary goods
• changes in consumer incomes
• fashions, tastes and preferences
• advertising and branding
• demographics
• external shocks
• seasonality

The worksheet will help to consolidate this information

This activity works well to consolidate information and as a refresher, great as a homework task too. This activity will work particularly well with GCSE Economics and A Level Business students

Factors Leading To a Change in Demand also known as ‘Factors Influencing a Change in Demand’ and other variations.