Economics Principles and Practices © 2012 Georgia

"Change in Demand"

Introduction
In this chapter you learned that demand is the desire, ability, and willingness to buy a product. Changes in demand can occur because of changes in consumer income, in consumer taste, and in the prices of related products. An increase or a decrease in the number of buyers for a product or service will also change demand.

Destination Title: The Census Bureau

Note: Clicking on the link above will launch a new browser window.
Need help using your browser for this activity? Click here for tips.

Directions
Start at the U.S. Census Bureau Web site.

• Under "Subjects A to Z", click on the letter "I".
• Scroll down to International Data Base (IDB) and click on it.
• Then click on Data Access.
• Scroll down the list of countries and select one.
• Select the current year, then click Submit.
• Click on the Population Pyramids tab and then print the graph that appears.
• Go back, click on Years again and enter the year that is 10 years in the future. Print the population pyramid graph for that year.

Analyze the graphs, then answer the following questions.

1			Is the population between the ages of 0 and 4 expected to increase or decrease?
2			Is the population of people over the age of 70 expected to increase or decrease?
3			Do you forecast an increase or a decrease in demand for baby diapers? Explain your reasoning.
4			Do you forecast an increase or a decrease in demand for retirement homes? Explain your reasoning.