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12BS Chapter 4 Demand Booklet
By Martin Asaad
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Last updated over 1 year ago
4 questions
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Question 1
1.
Draggable item
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Corresponding Item
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Question 2
2.
What is this called?
Question 3
3.
Give one effect of income
Question 4
4.
Give one effect of substitution
Seasonal Factors
quantity that customers are willing and able to buy at a given price in a given period of time.
External Shocks
The amounts (quantity) demanded of a product in the market at different price points.
Factors that change during different times of the week
Demand
A sudden and often significant change in the external environment
Demand curve