3.1 Demand

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What happens on a demand curve when prices rise?
Demand falls
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What happens on a demand curve when demand rises?
Price falls
2 of 5
How can the term 'demand' be defined?
Amount of good or service that consumers are willing and able to buy at any given price
3 of 5
What are some influencing factors for demand?
Price of the good, consumer income,prices of other goods and services
4 of 5
---- get the goods defintions ----
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5 of 5

Other cards in this set

Card 2

Front

What happens on a demand curve when demand rises?

Back

Price falls

Card 3

Front

How can the term 'demand' be defined?

Back

Preview of the front of card 3

Card 4

Front

What are some influencing factors for demand?

Back

Preview of the front of card 4

Card 5

Front

---- get the goods defintions ----

Back

Preview of the front of card 5

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