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Demand - Coggle Diagram

- - - - Shift the line right if there is more demand, shift the line left if there is less demand
- - - - If demand of a good falls then the complementary goods associated with it will experience a fall in demand too
        
        If the demand for Cereal falls then the demand for Milk would fall too because Milk is a complementary product to Cereal
    - - If a product is "trending" then demand for it will increase because more people want it.
        
        For example, if a new tiktok trend involves throwing pickles at your roommates then demand for pickles will increase because people want to try that trend as well
    - - If Incomes increased then there would be more demand for luxury products and less for inferior goods and vice versa
        
        For example, if the prices of Corn Flakes increased then the demand for generic Cereal would increase because it is cheaper
    - - If prices increase on a good then the demand for substitute goods will increase and vice versa
        
        For example, if car prices increased, then demand for cars would decrease and demand for public transport would increase because it is cheaper
    - - If prices increase then generally demand would fall for a product and Vice Versa.
        
        For example, if the prices of travel insurance increased then demand would fall because it is more expensive and less consumers can afford it
  - - - The demand of the product is linked to the demand of another
        
        For example if the price of Cereal increased then the demand for Cereal and Milk would decrease
    - - If income increase then luxurious products will have an increase in demand while inferior products will experience a decrease in demand
        
        For example, if the national average income increased then luxury perfume would increase in demand because more people can afford it
    - - Some product are only in demand when they are "trending" or "fashionable"
        
        For example, if it is fashionable/trending for women to wear mini-skirts in the summer, then the demand for mini-skirts will increase because it is popular
    - - If a product is branded and advertised well to its target market then the demand can increase but if branding is bad then demand will decrease
        
        For example, Vans shoes which are branded for "cool teens" will experience an increase in demand due to people wanting to look cool.
    - - If something suddenly happens with no warning then it could increase or decrease demand
        
        For example if taxes suddenly increased then demand for many products would fall (especially luxury products) because consumers have less money to spend on products
    - - If there is a change in demographics, then demand for products associated with certain age groups will increase or decrease.
        
        For example, if there is a Baby Boom (increase in the birth rate), then demand for products such as baby formula will increase because there are more babies
    - - Certain good and services are only demanded at certain times of the year
        
        For example, Ice Cream and Sun Screen are generally only really demanded in the summer