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12BS Chapter 4 Demand Booklet

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Last updated over 1 year ago
4 questions
1
1
Question 2
2.

What is this called?

1
1
Question 1
1.
Draggable itemarrow_right_altCorresponding Item

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quantity that customers are willing and able to buy at a given price in a given period of time.
Demand curve
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The amounts (quantity) demanded of a product in the market at different price points.
External Shocks
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Factors that change during different times of the week
Seasonal Factors
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A sudden and often significant change in the external environment
Demand
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Question 3
3.

Give one effect of income

Question 4
4.

Give one effect of substitution