1.2.1 - Demand

0.0(0)
studied byStudied by 0 people
0.0(0)
full-widthCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/3

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

4 Terms

1
New cards

demand

the amount society is willing and able to buy at a set price at any given point in time

2
New cards

factors leading to a shift in the demand curve

changes in consumer income, fashion, tastes, preferences, advertising and branding, demographics, external shocks, seasonality, necessity + luxury + inferior goods

3
New cards

substitute good

acts as alternative, creating competition

4
New cards

complementary good

a good bought alongside another good