These flash cards test your knowledge of the major definitions of important concepts connected with demand in economics
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Created by jackexamtime
over 10 years ago
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Created by jackexamtime
over 10 years ago
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Define Demand
What is the Demand Function?
What does D(x), P(x) and POG in the Demand Function mean?
What do Y, T and E in the Demand Function mean?
Define the Law of Demand
What shape is the demand curve?
State 3 exceptions to the Law of Demand
State 3 things that cause a shift to the right of a demand curve
State 2 things that cause a shift to the left of a demand curve.
Draw the demand curve
