Demand and Supply 4.0 / 5 based on 2 ratings ? BusinessMarketingASEdexcel Created by: Meryl PalitCreated on: 10-12-15 11:52 This must be effective Demand 1 of 14 This slopes upwards from left to right Supply Curve 2 of 14 The point at which demand equals supply Equilibrium 3 of 14 The responsiveness of demand to a change in price Price Elasticity 4 of 14 The responsiveness of demand to a change in income Income Elasticity 5 of 14 The elasticity is greater than 1 Elastic 6 of 14 The elasticity is less than 1 Inelastic 7 of 14 The symbol for this word is denoted by a capital delta Change 8 of 14 Adverse weather conditions would make what fall? Supply 9 of 14 A successful advertising campaign would make demand.... Increase 10 of 14 A movement along the curve denotes a change in Price 11 of 14 A decrease in costs would cause a supply curve to shift Right 12 of 14 A substitute product's price increases so demand would Increase 13 of 14 As income increases demand for this good decreases Inferior 14 of 14
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