AS Economics: Demand (Econ1)

Covers demand in general for Econ1.

Good Luck! <3

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  • Created by: Maddy
  • Created on: 31-03-12 14:29
The law of demand states that..
as the price of a good falls, more is demanded
1 of 4
A movement along the demand curve is caused by a change in...
price
2 of 4
An increase in the number of buyers causes
to the right
3 of 4
What is the rule for substitute goods?
an increase in the price of one causes an increase in demand for the other.
4 of 4

Other cards in this set

Card 2

Front

A movement along the demand curve is caused by a change in...

Back

price

Card 3

Front

An increase in the number of buyers causes

Back

Preview of the front of card 3

Card 4

Front

What is the rule for substitute goods?

Back

Preview of the front of card 4

Comments

Adam Rust

Report

thought number 4 was supply :s

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