Hurricane Harvey's Impact On The Demand For Home Improvement Goods In Texas

Hurricane Harvey will most likely have a dramatic impact on the demand for home improvement goods in Texas due to the damages caused by the storm. The demand for the home improvement goods will increase due to changes in the number of consumers in this particular market. Quantity demand is not effected, because the price of the products did not change. Therefore, no movement (up or down) along the original demand cure will occur. However, to represent the increase in demand, a new curve will shift to the left of the original.