Applications of Demand and Supply Analysis to Particular Markets

Descripción

A Levels (Unit 1, 2 The Allocation of Resources in Competitive Markets) Economics Mapa Mental sobre Applications of Demand and Supply Analysis to Particular Markets, creado por beth2384 el 30/12/2013.
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Mapa Mental por beth2384, actualizado hace más de 1 año
beth2384
Creado por beth2384 hace casi 13 años
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Resumen del Recurso

Applications of Demand and Supply Analysis to Particular Markets
  1. Apply the model of basic demand and supply to the following markets...
    1. oil and copper markets
      1. agriculture (farming)
        1. housing
          1. health care
            1. sport and leisure
                1. leisure activities are normal goods so with increased income there will be increased demand for leisure activities (high income elasticity of demand)
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