Think about a retail product that you have purchased recently (e.g. groceries, restaurant meal, cotton T-shirt, leather shoes, etc.). Explain how the Law of Demand affected your purchase.  Give specific examples of how your demand for this product was impacted by the five determinants of demand (T.I.P.E.N.).  What might happen to your individual demand curve if any of these determinants change? Give examples of scenarios that would cause a change in demand versus a movement along the same demand curve (change in quantity demanded) for this product. Discuss the new equilibrium price and quantity that result from these changes

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