Question

Make up an example of a monthly demand schedule for pizza. . Give an example of something that would shift this demand curve, and briefly explain your reasoning. Would a change in the price of pizza shift this demand curve?

Answer 1

Price	Quantity
0	100
1	90
2	80
3	70
4	60
5	50
6	40
7	30
8	20
9	10
10	0

Price and quantity of pizza have inverse relationship with each other.

Factors that shift demand curve:

• Income of Consumers: If there is rise income of pizza consumer, demand of pizza will shift to its right.
• Price of Relative Products such as Substitute or Complementary goods: If price of substitute good such as burger rises, consumers will raise their demand of pizza which will raise its demand.
• Current Trends: If pizza is in trending or youth loves to have pizza, it will raise demand and shift demand curve to right.
• Number of Consumers: As number of customers rises, demand of pizza rises and shift curve to its right.

Factor that cause movement along the demand curve:

• Price of Pizza

Thus price change cause movement along the demand curve while all other factors cause demand curve to shift.