Last lesson we looked at the demand curve, contractions and extensions in demand and the factors that shift demand.
Remeber changes in price affect the willingness to demand and therfore we see movements along the demand curve but all other factors shift the demand curve.
A good way to remember is:
P opulation
A dvertising
S ubstitues
I ncome
F ashion
I nterest rates
C omplemets
Have a look HERE for some revision notes and take a look at the video below:
Remeber changes in price affect the willingness to demand and therfore we see movements along the demand curve but all other factors shift the demand curve.
A good way to remember is:
P opulation
A dvertising
S ubstitues
I ncome
F ashion
I nterest rates
C omplemets
Have a look HERE for some revision notes and take a look at the video below:
No comments:
Post a Comment