1. What is the Law of Demand?
2. What type sort of slope does a Demand Graph show?
a. Upward sloping b. Downward sloping
3. What is the income effect?
4. What is the Substitution effect?
5. When you listen to a song on repeat until you get sick of it is an
example of what Law?
6. List of the 5 shifters and provide an example of how it can
increase/decrease demand