Although price is most often the main determinant of demand, there are other factors that influence demand for a good or service. Directions: Below are examples of different factors that affect demand. Use these examples to fill in the chart below.

1. The sales tax in your state has increased by 1%, and clothing sales have decreased.
2. The price of cotton shirts has gone down, and sales on linen shirts are down.
3. A computer company is about to release a new version of its tablet, and tablet sales are down.
4. Prices for data plans on cell phones just went down, and sales of smart phones are up.
5. The weather has been cold, and coffee sales are up.
6. A new subway stop opened, and sales at the local bagel shop are up.

Factor Influencing Demand Examples (which number fits with each factor):
*Number of Consumers
*Expectations
*Complements
*Consumer Income
*Substitutes
*Consumer Tastes

[ Choose two of the examples above and explain why each event caused sales to rise or fall. (OPTIONAL) ]

Who is the intended audience for the following text? modern smartphones meet the computing needs of most people. one of their biggest advantages is portability. they have replaced cameras, maps, notebooks, calculators, diaries, and calendars. people use smartphones in ways that we couldn’t have imagined before. let’s consider a few situations that show how smartphones have changed the way we live. many criticize smartphones because people seem to care more about being on their phones than socializing with real people. however, smartphones allow us to stay in closer contact with others who live far away. they also give us access to a larger number of people we can contact in case of an emergency. smartphones also contain apps for maps and global positioning systems. you can use these apps to find people and places or send your location to friends and family. smartphones are powerful, portable computer devices. they have replaced many items that performed single tasks, making our lives easier. a. people who want to know the benefits of smartphones b. people who want to know the latest advances in smartphone technology c. investors who want to understand trends in smartphone sales d. people who are expert users of smartphones