Erik erikson proposed that at each stage of life we face a psychosocial task that needs resolution. the first task, the one infants wrestle with, is:

all of them lol cause theres no map

changes in factors like average income and preferences can cause an entire demand curve to shift right or left. this causes a higher or lower quantity to be demanded at a given price. demand curves relate the prices and quantities demanded assuming no other factors change. it is important for consumers to know this information, because it is crucial for them to know what they can afford and can't afford. i hope this .