Economics - Demand

  • Created by: Pratzyy
  • Created on: 16-01-15 20:38
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  • Demand
    • movement along a demand curve
      • due to a change in price
    • Shift in a demand curve
      • increase in quality of good
      • increase in disposable income [eg. higher wages, lower taxes]
        • increase in income increase the demand for luxury goods
      • increase in price of substitutes
      • fall in prices of complements
      • advertising - increases brand loyalty thus increasing demand
        • important for goods that require advertisement


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