1 - DEMAND
Demand and Supply Analysis
Supply and Demand. Supply and Demand Demand Relationship between demand and price the law of demand the income effect the substitution effect The.
Principles of Economics Dr Martin Jensen (this term / micro) Dr James Reade (next term / macro) Exam: Summer 2013 joint for micro and macro (each weights.
Chapter 2 Equilibrium P45-50 Chapter 2 Equilibrium P45-50.
branch of economics that examines individuals’ choices concerning 1 product/firm/industry.
DEMAND The basic law of demand states that as the price of a good falls people will buy more of it. (Certainly Michael O’Leary of RyanAir believes in this.
