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
- movement along a demand curve
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