Economics Project

Economics Project

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Storyboard Description

I will be creating a cartoon of Related Goods.

Storyboard Text

  • Hello I am Tony Rosales, I am in 5th period for Mr.Heiser,  I will be explaining to you what Related Goods is.
  • Related goods are classified as either substitutes or compliments for a company/business.
  • Related Goods effect the market, related goods determine the shift of the market, either to the right or left.
  • Every business benefits from the demand shifting to the right, this means there will be an increase of related goods, therefor making more goods and more money.
  • If the shift is to the left the business is going to stop making as much money as they would because the demand for goods has lowered. 
  • For example if the economy goes down and people don't make as much money people will stop spending their money on buying magazines or news papers. 
  • If people have more money they will spend more money buying more magazines. 
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