demand
- Created by: ishah
- Created on: 11-05-13 18:16
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- demand
- quantity of G&S consumer willing + able to buy at price ceteris parabus
- shifts
- tastes
- income
- season
- quality
- substitutes
- expectations
- substitutes - demand^ one product price^ in another
- positive relationship
- complements- go together
- negative relationship
- chnage in price movement along demand curve
- PED
- responsiveness D to chnage in P
- XED
- change in D of x to chnage in P of y
- YED
- income ^ D^ or down
- if - then inferior
- if + normal
- income ^ D^ or down
- negative relationship
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