Factors that affect demand 3.0 / 5 based on 1 rating ? EconomicsIGCSECIE Created by: Shivani PatelCreated on: 22-05-13 17:55 Complementary goods goods purchased together because they are consumed together. 1 of 6 Inferior good a good for which demand will fall if income rises or fall if income falls. 2 of 6 Normal good a good for which demand will rise if income rises or fall if income falls. 3 of 6 Shift in the demand curve a movement to the left or right of the entire demand curve when there is a change in any factor affecting demand except the price 4 of 6 substitute good goods bought as an alternative to another but perform the same function. 5 of 6 Factors affecting demand. Price; Income; Population; Advertising; Interest rates; Price of complements; Price of substitutes; Fashion. 6 of 6
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